According to BlockBeats, Grayscale's Large Cap Digital Fund (GDLC) and the Ex-Ethereum Smart Contract Platform Fund (GSCPxE) have announced the latest fund component weights related to their respective first quarter reviews of 2024. Notably, ATOM and ADA have been removed from the portfolio, and the funds obtained from the sale of these tokens will be redistributed to other crypto assets.

The announcement made on April 5th, 2024, did not specify the reasons for the removal of ATOM and ADA from the portfolio. However, it is common for funds to adjust their portfolios periodically based on various factors such as performance, market conditions, and strategic objectives.

The redistribution of funds obtained from the sale of ATOM and ADA tokens indicates Grayscale's ongoing commitment to diversifying its investments in the crypto market. The move could potentially impact the market value of ATOM and ADA, although the specific effects will depend on various factors, including market reactions.

This latest announcement is part of Grayscale's regular updates on its fund component weights, which provide transparency to investors about the composition of its funds. These updates are crucial for investors to understand the performance and risk profile of their investments.

In conclusion, Grayscale's GDLC and GSCPxE funds have made significant changes to their portfolios in the first quarter of 2024, with ATOM and ADA being removed. The funds from the sale of these tokens will be reinvested into other crypto assets, reflecting Grayscale's strategy of portfolio diversification in the crypto market.