Grayscale adds MATIC to its crypto fund

Polygon network tokens have been added to the Digital Large Cap Fund’s basket

10.10.2022 - 06:45

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What’s new? Digital asset management company Grayscale Investments rebalanced its Digital Large Cap Fund, DeFi Fund, and Smart Contract Platform Select Ex Ethereum Fund (GSCPxE) based on Q3 2022 results. In addition, Polygon (MATIC) network tokens have been added to the Digital Large Cap Fund’s asset basket, Grayscale’s press release reports.

Grayscale’s press release

More details about changes in funds. According to the CoinDesk DeFi Index, the company adjusted its Digital Large Cap Fund portfolio by selling a certain number of existing fund components in proportion to their weightings. The cash proceeds were used to purchase MATIC tokens. As of October 5, the fund’s asset basket consisted of:

Bitcoin (BTC) — 65,32%;
Ethereum (ETH) — 28,03%;
Cardano (ADA) — 2,49%;
Solana (SOL) — 2,04%;
Polygon (MATIC) — 1,26%;
Avalanche (AVAX) — 0,86%.

The company said no new tokens were added or removed from the DeFi Fund. The basket includes:

Uniswap (UNI) — 64,58%;
Aave (AAVE) — 13,81%;
MakerDAO (MKR) — 10,22%;
Curve DAO Token (CRV) — 6,02%;
Compound (COMP) — 5,37%.

As for the GSCPxE fund, there were no changes in its basket either. As of October 5, it included:

Cardano (ADA) — 28,05%
Solana (SOL) — 22,95%
Polygon (MATIC) — 14,07%
Polkadot (DOT) — 13,58%
Avalanche (AVAX) — 9,71%
Cosmos (ATOM) — 7,01%
Algorand (ALGO) — 4,63%.

Grayscale Investments was founded in 2013. The company allows US-accredited investors to buy cryptocurrency investment products in a regulated environment through traditional market instruments.

In July, analysts at Grayscale stated that the crypto winter could end by March 2023. They came to this conclusion based on the analysis of previous bitcoin market cycles.

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