The shifting allocations impact Grayscale’s Digital Large Cap Fund, DeFi Fund, and Smart Contract Platform Ex-Ethereum Fund.
Asset manager Grayscale has rebalanced weights for three of its crypto funds, removing tokens such as Polygon (MATIC) while adding Avalanche (AVAX) and XRP (XRP), according to an announcement on Jan. 5.
The new allocations are part of Grayscale quarterly review and impact its Digital Large Cap Fund (GDLC), DeFi Fund (DEFG), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund).
According to the revised composition of the Digital Large Cap Fund, Bitcoin (BTC) comprises 69.15%, Ether (ETH) is allocated 21.90%, Solana (SOL) comprises 3.65%, XRP holds 2.54%, Cardano (ADA) is at 1.62%, and AVAX makes up 1.14% of the fund. As a result of the rebalancing, MATIC was removed from GDLC.
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Source: https://cointelegraph.com/news/grayscale-drops-matic-adds-avax-xrp-funds-rebalance