Grayscale Rebalances Crypto Large Cap Fund to 90% Bitcoin and Ethereum
Grayscale Investments has restructured its Digital Large Cap Fund, increasing the allocation of Bitcoin and Ethereum to 90%. The adjustment involves removing Avalanche and introducing a portion of Cardano, reflecting the asset's performance in the current market. Over the past year, Cardano has gained 75%, while Avalanche has exhibited stagnant performance. The remaining 10% of the fund's assets will be divided among XRP and Solana. Additionally, changes are being made to the GSCPxE Fund, which now features Sui with an 8% allocation, while Solana and Cardano hold a combined 75%. The AI Fund maintains a diverse spread with NEAR Protocol leading at 30%. As Grayscale continues to make quarterly adjustments, the focus is on expanding its exchange-traded funds (ETFs) offerings, hoping for favorable regulatory conditions under the upcoming SEC leadership.
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