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cryptonews 2025-01-09 19:28:15

Grayscale Adjusts Fund Holdings, 90% Allocation for BTC and ETH

Grayscale Investments announced adjustments to its Digital Large Cap Fund (GDLC) allocation on Wednesday, with Bitcoin (BTC) and Ethereum (ETH) now comprising nearly 90% of the portfolio. As of 1/6/2025, GSCPxE’s Fund Components were a basket of the following assets and weightings. As a result of the rebalancing, Sui $SUI has been added. $SOL $ADA $AVAX $SUI $NEAR $DOT Important disclosures: https://t.co/kxdodVbS4S pic.twitter.com/qsmHbPG4ED — Grayscale (@Grayscale) January 8, 2025 According to the announcement , GDLC allocates 73.52% to Bitcoin and 16.16% to Ethereum, collectively forming almost 90% of the fund’s composition. The remaining holdings include XRP (5.05%) , Solana (3.83%), and Cardano (1.44%). Key Changes in Grayscale Funds During its fourth-quarter review, Grayscale sold Avalanche (AVAX) and redistributed the proceeds among Cardano (ADA) and other existing components of the GDLC portfolio. These updates to the GDLC and AI funds were part of Grayscale’s broader quarterly rebalancing strategy, impacting multiple portfolios. The Grayscale Decentralized AI Fund also underwent changes, with Livepeer (LPT) added to its composition. As of January 6, 2025, the AI Fund includes NEAR Protocol (29.93%), Render (20.58%) , Bittensor (19.03%), Filecoin (17.18%), The Graph (10.45%), and Livepeer (2.83%). The Grayscale DeFi Fund (DEFG) experienced portfolio adjustments as well, with Curve (CRV) replacing Synthetix (SNX). The updated holdings for DEFG now include Uniswap (47.88%), Aave (27.87%) , Lido (9.75%), MakerDAO (7.79%), and Curve (6.71%). In another fund, the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), Sui (SUI) was introduced as a new component. The revised portfolio now includes Solana (55.22%), Cardano (20.82%) , Avalanche (9.52%), Sui (7.93%), NEAR Protocol (3.85%), and Polkadot (2.66%). “The compositions of DEFG, GDLC, and GSCPxE Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider,” the release reads. Grayscale Faces Challenges with ETF Outflows By December 2024, the Grayscale Bitcoin Trust (GBTC) reported $21 billion in outflows since its January 2024 launch, making it the only U.S. spot Bitcoin ETF with negative net investment flows. Data from @FarsideUK revealed that Grayscale Bitcoin Trust (GBTC) has faced $21 billion in outflows since its launch on January 11 #Grayscale #BitcoinETF https://t.co/IO52Bjyygz — Cryptonews.com (@cryptonews) December 16, 2024 Meanwhile, the company’s Ethereum Trust ETF (ETHE) has similarly struggled , reporting losses exceeding $3.5 billion since its debut in July 2024. The post Grayscale Adjusts Fund Holdings, 90% Allocation for BTC and ETH appeared first on Cryptonews .

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