Grayscale Investments, a New York-based crypto asset management firm, includes Solana (SOL) and Uniswap (UNI) after rebalancing the Grayscale Digital Large Cap Fund (GDLC) portfolio.
GDLC’s quarterly rebalancing is achieved by selling existing components of the portfolio for cash and effectively sourcing crypto assets. Based on the correction, Solana and Uniswap generate 3.24% and 1.06%, respectively, of the fund composition, while Grayscale continues to reduce its holdings of Litecoin (LTC) and Bitcoin Cash (BCH).
During the previous quarterly rebalancing, Grayscale’s portfolio comprised 4.26% of Cardano’s ADA, making it the third largest asset in the Large Cap Fund. However, the latest correction results in ADA taking over 5.11% of the fund.
Bitcoin (BTC) and Ethereum (ETH) still have a large market share in the GDLC cryptocurrency basket with 62.19% and 26.08% respectively. Chanlink (LINK), Bitcoin Cash and Litecoin together account for 2.32% of the GDLC basket, up from 2.88% in July 2021.
Grayscale has not made quarterly adjustments to its DeFi Fund, which is currently dominated by Uniswap at 45.20% and Aave (AAVE) at 14.11%.
Related: Morgan Stanley doubles Bitcoin exposure through grayscale stocks
Grayscale products continue to grab the attention of the financial world as financial giants like Morgan Stanley more than double their investments in Grayscale’s only asset offering, Bitcoin Trust.
As reported by Cointelegraph, Morgan Stanley has invested in a total of 58,116 Grayscale Bitcoin Trust stocks through the European Opportunity Fund by July 2021, up 105% since April.
The company’s move towards aggressive crypto investing follows a recent announcement made in March 2021 that aims to give investors exposure to Bitcoin.