News05 October 2021

Solana and Uniswap become the latest additions to Grayscale’s Crypto Investment Fund

Solana and Uniswap become the latest additions to Grayscale

Summary

  • Grayscale adds Solana and Uniswap to its crypto fund
  • This will be the first time Solana has been added to Grayscale
  • New addition came months after Cardano was added in July

On Friday, the largest digital currency asset manager, Grayscale Investments, announced the quarterly rebalancing of its diversified portfolios, the DeFi fund, and the large-cap fund.

The company sold some Grayscale Digital Large Cap Fund components to raise funds to purchase Solana (SOL) and Uniswap (UNI). “This is the first time Solana (SOL) will be included in a Grayscale investment vehicle.” – Grayscale.

This is also the first time Uniswap is being added to the large-cap fund even though the token has been in the Grayscale DeFi Fund since the launch of the portfolio in July. The addition of Solana and Uniswap comes months after adding Cardano (ADA) to the fund back in July.

At the end of the day of October 1, components in the large-cap fund included bitcoin (BTC), 62.19%; Ethereum (ETH), 26.08%, Cardano (ADA), 5.11%, Solana (SOL), 3.24%, Uniswap (UNI), 1.06%, Chainlink (LINK), 0.82%, Litecoin (LTC), 0.77%, and bitcoin cash (BCH), 0.73%.

No new tokens were added or removed on the Grayscale DeFi Fund. By close of business October 1, the DeFi fund’s components had 45.20%, Uniswap (UNI), 14.11% Aave (AAVE), 7.84% Makerdao (MKR), 7.18% Sushiswap (SUSHI), 6.73% Compound (COMP), 6.29% Synthetix (SNX), 3.92% Yearn Finance (YFI), 3.53% Curve (CRV), 3.04% Bancor Network Token (BNT), and 2.16% UMA Protocol (UMA).

As of October 1, Grayscale’s total AUM (assets under management) stood at $41.5 billion. Apart from the two funds, Grayscale also offers investments options for single asset funds for bitcoin, Ethereum, bitcoin cash, Ethereum classic, basic attention token, chainlink, decentraland, livepeer, filecoin, horizen, stellar lumens, litecoin, and zcash.

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