The digital asset management company Grayscale has added three new crypto assets in three major investment funds, while also removing two other assets from its Decentralized Finance Fund as part of this year’s first quarterly reset.
Grayscale withdrew tokens from decentralized crypto derivatives exchange Synthetix and decentralized exchange SushiSwap, as well as its decentralized finance (DeFi) fund after the two crypto assets failed to meet minimum required market capitalization. No other cryptocurrencies were withdrawn during the rebalancing.
Grayscale’s DeFi fund, which launched in July of last year, currently has about $8 million in assets. Digital assets remaining in the DeFi pool after the quarterly rebalancing include Uniswap, Aave, Curve, MakerDAO, Amp, Yearn.finance, and Compound.
The crypto asset manager added Avalanche (AVAX) and Polkadot (DOT) to its Digital Large Cap fund, along with adding Cosmos (ATOM) to its Smart Contract Platform Ex-Ethereum (GSCPxE Fund).
The GSCPxE Fund, which launched on March 22, offers investors the ability to bet on an index of Ethereum’s biggest competitors. Current GSCPxE Fund holdings listed by total amount held are Cardano (ADA), Solana (SOL), AVAX, DOT, Polygon (MATIC), Algorand (ALGO), Stellar (XLM), and ATOM.
Grayscale remains the world’s leading crypto asset manager; had $43.5 billion in assets under management as of January 3, 2022. The Grayscale Bitcoin Trust (GBTC) remains the largest fund, with just over $30 billion in AUM, but it has traded at an increasing discount to its net asset value over the past year. GBTC is followed in size by the Grayscale Ethereum Trust (ETCG), which currently holds about $11.8 billion in AUM.
03/01/22 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $43.5 billion$BTC $BAT $BCH $LINK $MANA $ETH $ETC $FIL $ZEN $LTC $LPT $XLM $ZEC $UNI $AAVE $COMP $CRV $MKR $SUSHI $SNX $YFI $ADA $SUN $AMP pic.twitter.com/67Pb7xneoQ
— Grayscale (@Grayscale) January 4, 2022
UPDATE as of 03/01/22: Net assets under management, holdings per share and market price per share of our investment products.
Total AUM: USD 43.5 billion. $BTC $BAT $BCH $LINK $MANA $ETH $ETC $FIL $ZEN $LTC $LPT $XLM $ZEC $UNI $AAVE $COMP $CRV $MKR $SUSHI $SNX $YFI $ADA $SOL $AMP
In 2021, cryptocurrency hedge funds generated more than $9.3 billion in inflows as institutional adoption hit new highs. Grayscale is preparing to offer a spot Bitcoin exchange-traded fund (ETF) and said it was willing to take legal action if the investment product continues to be banned by the US Stock Exchange (SEC).
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