Grayscale Investments, the cryptocurrency asset manager, has announced a rebalancing of its digital large cap fund, with new tokens added to it — solana (SOL) and uniswap (UNI). In a press release, Grayscale said it had sold "certain amounts" of the existing fund components to use the cash proceeds for purchasing SOL and UNI.
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As a result, the Digital Large Cap Fund is now structured as follows:
- 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%.
- Bitcoin Cash (BCH), 0.73%.
The move comes a few weeks after Grayscale Investments registered three crypto products — Bitcoin Cash Trust, Ethereum Classic Trust, and Litecoin Trust — with the US Securities and Exchange Commission.
The trusts extend the list of the firm's existing lineup of investment products with the same designation: Bitcoin Trust, Ethereum Trust and Digital Large Cap Fund. Grayscale said the registration aligns with its intent to eventually convert each product into a digital currency ETF.
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