HomeCryptoGrayscale adds Solana and Uniswap

Grayscale adds Solana and Uniswap

Grayscale has added Solana (SOL) and Uniswap (UNI) to its Digital Large Cap Fund.

The fund is now 61.72% BTC and 26.54% ETH, with the rest split between ADA, SOL, UNI, LINK, LTC and BCH.

Solana and Uniswap in the Grayscale Digital Large Cap Fund

The Grayscale Digital Large Cap Fund is an investment vehicle that allows investors to take positions in a portfolio weighted in proportion to the market capitalization of the cryptocurrencies included in it. The fund aims to cover 70% of the crypto market, and the weightings of each token change daily.

As it is placed on the market with real shares, it provides an investment methodology familiar to financial and tax advisors, and provides easy transferability to beneficiaries under real estate laws.

This is the first time SOL has been included in a Grayscale product, while UNI is also included in the Grayscale DeFi Fund, where it plays a primary role as it makes up 45.20% of the collateral, ahead of AAVE, MKR, SUSHI, COMP, SNX, YFI, CRV, BNT and UMA.

SOL is the native cryptocurrency of the Solana network, a smart contract platform that aims to expand the use of the blockchain beyond simple peer-to-peer payments. It is based on the Proof-of-History (PoH) consensus algorithm to provide increased transaction processing speed.

UNI is the native token of the Uniswap network, the world’s leading Ethereum-based decentralized exchange.

Grayscale adds new crypto to its Funds

Grayscale is the undisputed market leader

Grayscale would like to list the shares of the DeFi Fund on the secondary market, but to date, there is no guarantee that it will succeed, despite the fact that the shares have been approved for trading.

In total, Grayscale has achieved an AUM (Assets Under Management) of more than $41 billion, making it the undisputed leader in its market sector.

It is now the world’s largest digital asset manager and offers access and exposure to the cryptocurrency asset class in the form of equities. This saves investors the trouble of having to buy, hold and store tokens themselves.

Its products operate within existing regulatory frameworks, making them accessible to even the most demanding investors.

Marco Cavicchioli
Marco Cavicchioli
Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".
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