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Grayscale integrates Solana (SOL) and Uniswap (UNI) into its portfolio

Oct 7, 2021
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Grayscale adds Solana (SOL) and Uniswap (UNI) to its portfolio during the last periodic rebalancing of its fund.

Grayscale

Grayscale has proceeded with a periodic rebalancing of its Grayscale digital large cap fund (GDLC). The proportions change slightly, but there are no major changes in the overall structure of the portfolio.

On October 01, 2021, Grayscale Investments made known through a press release, the new proportions of cryptocurrencies included in the Grayscale digital large cap fund following the latest readjustment of the latter.

Solana (SOL) and Uniswap (UNI) have respective shares of 3.24%, and 1.06%. Cardano (ADA) now represents 5.11% of the portfolio, compared to 4.26% at the time of the GDLC readjustment in July 2021. ADA continues to hold the third largest position.

Bitcoin (BTC) and Ether (ETH), weighing in at 62.19% and 26.08% of GDLC respectively, remain the major crypto-currencies in the portfolio. LINK, Bitcoin Cash (BC) and Litecoin (LTC), meanwhile, account for only 2.32% of the GDLC, down from 2.88% following the July 2021 rebalancing.

Grayscale, its portfolio is a good reference, why?

Quite simply, Grayscale is a digital asset giant for institutional investors

The Grayscale digital large cap fund allows investors to gain exposure to 70% of cryptocurrencies with the largest market caps. The fund is updated quarterly, but the crypto weights are adjusted daily.

Grayscale thus offers the Grayscale Bitcoin Trust (GBTC) alongside the GDLC, to provide indirect exposure to cryptocurrencies for institutional investors. GBTC’s clients include traditional financial giants like the Morgan Stanley Europe Opportunity Fund. The investment bank owned 58,116 shares of GBTC stock as of July 31, 2021, up 105% from the number of shares held in April 2021.

Coinshares’ October 4, 2021 Digital asset funds flow weekly newsletter states.

Grayscale is the largest institutional digital asset manager, with 71% of total industry assets under management.

Volatility is high in the cryptocurrency market, but the trends are becoming more and more decipherable. For example, the uptrend in Bitcoin is, at the moment, very clear. This has an impact on all other major altcoins. The share of each of them in the crypto market is changing and it is interesting for investors to watch the evolution of each of them in a portfolio as large as Grayscale.

Who can invest with Grayscale?

Only accredited investors are eligible to invest in the Offered Products. An accredited investor includes:

– Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; or
– Any natural person whose individual net worth, or joint net worth with that person’s spouse, exceeds $1,000,000 (excluding the value of the person’s primary residence and certain indebtedness secured by such person’s primary residence).
– Individual investors who hold, in good standing, certain professional certifications and designations and other credentials designated by the Commission as qualifying for accredited investor status.

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