Grayscale’s GDLC fund now holds SOL and UNI at 3.24 percent and 1.06 percent, respectively, after reducing its holdings of LTC and BCH.
Grayscale Investments, a crypto asset manager based in New York, has added Solana’s SOL and Uniswap’s UNI tokens to its Grayscale Digital Large Cap Fund (GDLC) portfolio after rebalancing its cryptocurrency basket.
The quarterly rebalancing of GDLC is accomplished by selling existing portfolio components for cash and purchasing high-performing crypto assets. According to the changes, SOL and UNI now account for 3.24 percent and 1.06 percent of the fund’s components, respectively, while Grayscale continues to reduce its holdings of Litecoin (LTC) and Bitcoin Cash (BCH).
Grayscale’s portfolio included 4.26 percent of Cardano’s ADA after the previous quarterly rebalancing, making it the Digital Large Cap Fund’s third-largest asset. However, the most recent adjustment means that ADA now accounts for 5.11 percent of the fund.
Bitcoin (BTC) and Ether (ETH) continue to dominate the GDLC crypto basket, accounting for 62.19 percent and 26.08 percent, respectively. Chainlink’s LINK token, Bitcoin Cash, and Litecoin account for 2.32 percent of the GDLC basket, down from 2.88 percent in July.
Grayscale has not made any quarterly adjustments to its DeFi Fund, which is currently dominated by UNI (45.20%) and AAVE (14.11%).
Grayscale’s products continue to gain mainstream traction, with financial behemoths like Morgan Stanley more than doubling their investment in Grayscale’s single asset, the Grayscale Bitcoin Trust.
As previously reported by ULTCOIN365, Morgan Stanley has invested in a total of 58,116 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund as of July, representing a 105 percent increase in shares since April.
The firm’s move toward aggressive crypto investments follows a March 2021 announcement aimed at providing investors with exposure to Bitcoin.