Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing
Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance. Digital asset management firm Grayscale, has added three new cryptocurrency assets across three main investment funds, while removing two other assets from its Decentralized Finance Fund as part of this year’s first quarterly rebalance. Grayscale removed tokens from crypto-derivatives decentralized exchange Synthetix (SNX), and decentralized exchange SushiSwap (SUSHI), from its DeFi fund after the two crypto....
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The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s two funds. The first rebalancing employed the Flexa payment network’s native collateral coin. Related Reading | Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash? Hence, Grayscale DeFi Fund’s weighting was rebalanced....
Grayscale has just added Cardano to its Digital Large Cap Fund. The top asset management firm announced its quarterly rebalancing that brought up Cardano to be the third-largest holdings of the company. Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA. — Grayscale (@Grayscale) July 2, […]
Grayscale's GDLC Fund now includes Solana and Uniswap at 3.24% and 1.06% respectively after reducing LTC and BCH holdings. Grayscale Investments, a New-York based crypto asset manager, includes Solana (SOL) and Uniswap (UNI) after rebalancing its basket of Grayscale Digital Large Cap Fund (GDLC) portfolio. The quarterly rebalancing of GDLC is done by selling existing components of the portfolio for cash and procuring performant crypto assets. Based on the adjustment, Solana and Uniswap make 3.24% and 1.06% of the Fund components respectively while Grayscale continues to cut down on....
Digital asset manager Grayscale has launched a new DeFi fund with CoinDesk Indexes, according to a press release. The Grayscale Decentralized Finance (DeFi) Fund will offer its clients exposure to some of the major tokens in the sector. The fund will track the CoinDesk DeFi Index, created on May 10, 2021, to “measure the investable […]
Major digital asset manager Grayscale has rebalanced the DeFi Fund for the second time since its inception in July 2021. Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted weightings of its Digital Large Cap Fund.A Jan. 3 announcement detailed the changes Grayscale made to its two funds. The DeFi Fund’s weightings have been rebalanced with AMP, the native collateral token of the Flexa payment network being added, while Bancor’s (BNT) and Universal Market Access (UMA) have been removed. Flexa uses the AMP token to collateralize crypto payments and....