Grayscale Updates Crypto Fund Allocations for Q2 2024

Grayscale Investments has updated the weightings of its key funds following the second quarter 2024 reviews.

Polygon (MATIC) was removed from the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). The new weightings for this fund are Solana (65.80%), Cardano (14.67%), Avalanche (10.70%), and Polkadot (8.83%).

In the Grayscale Digital Large Cap Fund (GDLC), the weightings are now Bitcoin (70.46%), Ethereum (23.51%), Solana (3.86%), XRP (1.54%), and Avalanche (0.63%). The Grayscale DeFi Fund (DEFG) now has Uniswap (53.75%), MakerDAO (17.94%), Lido (12.68%), Aave (10.58%), and Synthetix (5.05%).

The price of Polygon (MATIC) dropped by 34% in the past month. Despite a recent 7% rebound, trading volumes are down 38%, and its market position has been declining since last year, hitting a two-year low.

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Grayscale’s decision to rebalance its funds highlights the ongoing adjustments in the crypto market as it responds to regulatory developments and market performance.

These changes are indicative of the broader industry trends where adaptability and strategic shifts are crucial for maintaining growth and stability in the rapidly evolving digital asset landscape.

Alexander Stefanov