Grayscale Updates Key Fund Weightings Amid Market Adjustments

Grayscale Investments has updated the weightings of its key funds following the second quarter 2024 reviews. Polygon (MATIC) was removed from the Grayscale

Grayscale Investments has announced updates to the weightings of its key funds following the second quarter 2024 reviews.

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

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

This news comes as the price of Polygon (MATIC) has seen a significant decline of 34% over the past month. Despite a recent 7% rebound, trading volumes have dropped by 38%, and MATIC's market position has been steadily declining since last year, hitting a two-year low in March 2024.

Grayscale's decision to rebalance its funds highlights the ongoing adjustments within 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.

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