Grayscale Investments, a New York-based crypto manager, includes Solana (SOL) and Uniswap (UNI) after balancing the curve with the Grayscale Digital Large Cap Fund (GDLC) portfolio.
The quarterly rebalancing of GDLC is carried out by selling the existing components in the cash wallet and acquiring effective crypto assets. Per the adjustment, Solana and Uniswap account for 3.24% and 1.06% of the fund’s components, respectively, while the gray scale continues to shrink holdings of Litecoin (LTC) and Bitcoin Cash (BCH).
During the previous quarterly rebalancing, Grayscale’s portfolio contained 4.26% of Cardano’s ADA, making it the third largest asset in the large capital fund. However, the latest adjustment means that ADA represents 5.11% of the fund.
Bitcoin (BTC) and Ethereum (ETH) still hold the bulk of the GDLC cryptocurrency, 62.19% and 26.08%, respectively. Chanlink (LINK), Bitcoin Cash and Litecoin together account for 2.32% of the GDLC curve, down from 2.88% in July 2021.
Grayscale did not make quarterly adjustments to the DeFi fund, which is currently controlled by Uniswap with 45.20% and Aave (AAVE) with 14.11%.
Related: Morgan Stanley Doubles Access to Bitcoin With Grayscale Stock
Grayscale products continue to receive widespread interest as financial giants such as Morgan Stanley have doubled down on their investment in Grayscale’s only offering, the Bitcoin Trust.
Morgan Stanley has invested a total of 58,116 shares in the Grayscale Bitcoin Trust as of July 2021 through the European Opportunity Fund, according to a report by Cointelegraph, indicating a 105% increase in the shares since April.
The company’s action against aggressive cryptocurrency investments follows the recent announcement in March 2021 that aims to provide investors with access to bitcoin.
