Grayscale recently removed Cardano’s ADA token from its Grayscale Digital Large Cap Fund (GDLC) and Cosmos’ ATOM token from its Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE) as part of its quarterly fund rebalancing.
The proceeds from selling the tokens were reinvested in existing fund components. Following the removals, the large-cap fund now primarily consists of Bitcoin, Ethereum, Solana, XRP, and Avalanche.
In the smart contract platform fund, Solana, Cardano, Avalanche, Polkadot, and Polygon tokens are now the main components after the removal of ATOM.
Grayscale’s DeFi Fund remains unchanged, holding assets such as Uniswap, MakerDAO, Lido, Aave, and Synthetix tokens.
Grayscale recently introduced the Dynamic Income Fund, targeting clients with substantial assets under management or high net worth, prioritizing cryptocurrencies with staking rewards.
ADA and ATOM have experienced negative returns year-to-date, significantly underperforming Bitcoin and Ethereum. Both tokens have faced weekly losses and are trading far from their previous all-time highs reached in September 2021.
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