- Polkadot (DOT) and Avalanche (AVAX) join the list along with others like BTC, ETH and others to the Digital large Cap Fund at Grayscale.
- The asset manager has removed two assets as they failed to meet the needed minimum market capitalization.
- Grayscale, signified earlier in January that its holdings were $43.5 billion in assets under management as of January 3.
Grayscale, the virtual assets management firm, has recently adjusted its Crypto Assets where it added a few and removed some others.
DOT and AVAX join the list along with others like BTC and ETH
It has added three new crypto assets across three primary investment funds. And has also removed two assets from its Decentralized Finance (DeFi) fund as a part of its year’s first quarterly rebalance.
Launched last year in July, Grayscale DeFi Fund presently holds about $8 million in assets. As part of its rebalancing, the firm has removed tokens from crypto derivatives Decentralised Exchange Synthetix (SNX) and the Decentralized Exchange SushiSwap (SUSHI) from its DeFi funds because the two crypto assets failed to meet the minimum market capitalization.
The crypto assets that remain after the quarterly rebalancing are Aave AAVE), Uniswap (UNI), MakerDAO (MKR), Yearn Finance (YFI), and Curve (CRV), Amp (AMP) and Compound (COMP).
Furthermore, it has added Polkadot (DOT) and Avalanche (AVAX) to its Digital large Cap fund and Cosmos (ATOM) to its Smart Contract platform Ex-Ethereum Fund (GSCPxE Fund). AVAX and DOT both have a current market cap of around $20 Billion. However, the asset manager added no tokens to its DeFi fund as such.
The Smart Contract platform Ex-Ethereum Fund GSCPxE Fund was recently launched on March 22 and enables investors to bet on an index of Ethereum’s major competitors.
The grayscale fund is constantly on the top when it comes to the leading crypto asset manager. It signified earlier in January that its holdings were $43.5 billion in assets under management as of January 3.
The asset manager is constantly updating its assets listicle as the virtual assets ecosystem expands and reviews more assets. It is to look forward to if it further adds other assets.
Last year, the overall cryptocurrency investment funds generated over $9.3 billion in inflows because the year saw significant institutional adoptions.
Source: https://www.thecoinrepublic.com/2022/04/07/grayscales-quarterly-rebalancing-adjusts-crypto-assets-kicks-two-out/