Sensing the dynamics of the digital economy, renowned virtual asset management firm Grayscale Investments has made some significant changes in its crypto funds portfolio. In its first quarterly rebalance of 2022, Grayscale has included three new decentralized assets in three distinct investment funds and removed two assets from the Decentralized Finance Fund. On failing to satisfy the minimum market capitalization requirement, decentralized exchange platforms Synthetix (SNX) and SushiSwap (SUSHI) were mustered out from Grayscale’s DeFi fund ecosystem.
Launched in July 2021, the firm’s Decentralized Finance fund has managed to build a strong presence in the marketspace in a short time span with constant support from industry users. The platform presently accounts for nearly $8 million in assets under its control. Apart from SNX and SUSHI, no other crypto project was bogged down during the rebalancing initiated by the team. The tokens currently available for investors in the DeFi fund are Uniswap (UNI), Aave (AAVE), Curve (CRV), MakerDAO (MKR), Amp (AMP), Yearn Finance (YFI), and Compound (COMP).
The reshuffling by one of the most trusted asset management companies in the world garners a lot of attention from the industry. Crypto investors, big or small, rely on these changes undertaken by Grayscale to understand the market trends. The tokens added or removed by the firm help users determine the coin’s potential in the sector. Apart from the DeFi fund, Grayscale added Avalanche (AVAX) and Polkadot (DOT) to its Digital Large Cap Fund. In addition, the team added projects like Cosmos (ATOM) to the Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) as part of the reshuffling process. This fund was unveiled on March 22, 2022, to give investors a golden opportunity to place bet on an index of Ethereum’s biggest competitors. The Fund currently supports ADA, SOL, AVAX, DOT, MATIC, ALGO, XLM, and ATOM in its cluster.
01/03/22 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
— Grayscale (@Grayscale) January 4, 2022
Grayscale’s powerful tools and services have managed the firm to lead the asset management industry. As of January 3, the firm had $43.5 billion in assets under the management category. The Grayscale Bitcoin Trust thrives as the biggest fund with a whopping $30 billion in AUM, though it has continued to trade at an increasing discount value to its NAV for the last year. The second spot is helmed by the Grayscale Ethereum Trust, which holds nearly $11.8 billion in assets under the management section. There has been a constant surge in the popularity of crypto investment funds amongst investors. In 2021, these funds fetched more than $9.3 billion in fund flows amid the constant rise in the institutional adoption rate. Grayscale is looking forward to launching a BTC Spot ETF and is planning to take legal actions if the SEC continues to be skeptical about the project.
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