[Grayscale removed Polygon and kept these crypto assets in the fund]
Crypto asset management company Grayscale Investments announced that it will adjust the composition and weighting of crypto assets in its main fund based on the results of the review in the second quarter of 2024. Major funds include Grayscale Digital Large Cap Fund (GDLC), Grayscale Decentralized Finance Fund (DEFG) and Grayscale Smart Contract Platform minus Ethereum Fund (GSCPxE Fund). Polygon (MATIC) has been removed from the GSCPxE Fund as part of the rebalancing.
Grayscale announced the changes to GDLC, DEFG and GSCPxE Fund after a careful review of the performance of crypto assets in the second quarter. The composition and weightings of these funds are rebalanced quarterly based on market events, indexes and other factors.
According to the latest press release, there are no new or removed tokens from the Grayscale Digital Large Cap Fund (GDLC). The composition weights are Bitcoin (70.46%), Ethereum (23.51%), Solana (3.86%), XRP (1.54%) and Avalanche (0.63%). XRP and AVAX were added in January to replace Polygon (MATIC), while Cardano (ADA) was removed from GDLC in April.
The composition of Grayscale Decentralized Finance Fund (DEFG) remains unchanged, but the weights have changed, namely Uniswap (53.75%), MakerDAO (17.94%), Lido (12.68%), Aave (10.58%) and Synthetix (5.05%) ).
Polygon (MATIC) has been removed from the Grayscale Smart Contract Platform ex Ethereum Fund (GSCPxE Fund) and sold. The fund's weightings are now rebalanced based on CoinDesk smart contract platform selections divided by the Ethereum index. The asset and weight baskets are Solana (65.80%), Cardano (14.67%), Avalanche (10.70%), and Polkadot (8.83%). Cash proceeds are used to purchase these crypto assets.
