Cardano, Solana, Polkadot and Four More Altcoins Are Top Smart Contract Platform Holdings for Grayscale

Cryptocurrency management giant Grayscale has renewed its holdings on its smart contract platform as the digital assets market has fallen well below record highs.

New reportGrayscale states that the GSCPxE Foundation has allocated funds to Cardano (ADA), Solana (SOL), Polkadot (DOT), and several other Ethereum (ETH) competitors.

“At the end of July 6, 2022, the fund components of the GSCPxE Fund were the following asset and weighting baskets:

Cardano (ADA), 31.69%

Solana (SOL), 25.43%

Polkadot (DOT), 13.90%

Avalanche (AVAX), 10.87%

Polygon (MATIC), 8.45%

Cosmos (ATOM), 5.29%

Algorand (ALGO), 4.37%. ”

Grayscale points out that as a result of the rebalancing, the payment-focused altcoin stella (XLM) has been removed from the fund.

The company, which currently owns the world’s largest Bitcoin fund, also reports that it has shuffled its decentralized finance (DeFi) holdings. According to Grayscale, the largest DeFi holding is now Uniswap (UNI), a decentralized exchange based on Ethereum.

“At the end of July 6, 2022, the fund component of the DeFi fund was a basket of the following assets and weights:

Uniswap (UNI), 56.35%

MakerDAO (MKR), 13.49%

Aave (AAVE), 12.44%

Curve DAO Token (CRV), 7.48%

Amp (AMP), 5.52%

Compound (COMP), 4.72% “

Crypto Titan has also made changes to its digital large cap fund by cutting out five tokens.

“Grayscale has adjusted its portfolio of digital large cap funds by selling a certain amount of existing fund components in proportion to each equalization. As a result of rebalancing, Bitcoin Cash, Chainlinks, Lightcoin, Polkadot, and Uniswap have been removed from the Digital LargeCap Fund. No new tokens have been added to the Digital LargeCap Fund.

At the end of the day of July 7, 2022, the fund component of the Digital Large Cap Fund was a basket of the following assets and weights:

Bitcoin (BTC), 68.88%

Ethereum (ETH), 25.22%

Cardano (ADA), 2.71%

Solana (SOL), 2.23%

Avalanche (AVAX), 0.96% “

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Featured Image: Shutterstock / Volodimir Zozulinskyi