Grayscale adds Solana and Uniswap to Digital Large Cap Fund trust
Digital asset manager Grayscale Investments has included cryptocurrency Solana (SOL) and decentralised exchange token Uniswap (UNI) as part of the Digital Large Cap Fund trust.
We just announced the updated fund component weightings for Grayscale Digital Large Cap Fund, which now includes #Solana ($SOL) and #Uniswap ($UNI). This is the first time SOL will be included in a Grayscale investment vehicle. Read this thread for more. (1/5)
As of 1 October, the Digital Large Cap Fund was valued at $494.6m. Its basket includes the following digital assets:
Bitcoin Cash (0.73%).
Grayscale Investments' total assets under management amounted to $41.5bn, with Bitcoin Trust being the largest fund, with its AUM reaching $29.96bn.
The UNI token is also a component of the Grayscale DeFi Fund - it accounts for almost half (45.2%) of the structure's holdings.
This is the first time the company has used Solana as an investment vehicle. During September, the project's blockchain holdings increased by 185%. Earlier this month, the cryptocurrency overtook Dogecoin and Polkadot in terms of capitalisation. The ecosystem owes its success to the rapid development of NFT and DeFi services.
Recall that Grayscale Investments added Cardano cryptocurrency as a component of the Digital Large Cap Fund in July as part of its rebalancing.
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