Have you ever wondered how asset management firms are keeping up with the rapid pace of the cryptocurrency world? Well, Grayscale Investments is stepping up its game yet again! With a recent quarterly rebalancing of its Smart Contract Fund, Grayscale has added a lineup of heavy hitters, including Ethereum, Cardano, Solana, and SUI among others. This move not only diversifies the fund but also aligns with Grayscale’s push toward mainstream Exchange-Traded Fund (ETF) products. As the demand for accessible crypto investment opportunities grows, it seems that Grayscale is determined to stay at the forefront of this evolving landscape. Curious about the latest updates and what this means for investors? Click here to LEARN MORE.
Key Notes
- Grayscale has conducted a quarterly rebalancing of its smart contract fund.
- The fund now includes Ethereum, Cardano, Solana, and SUI.
- Grayscale is deepening its role in the industry with the push for mainstream ETF products.
Asset management firm Grayscale Investments has added more cryptocurrencies to its Smart Contract Fund. The fund now provides exposure to several cryptocurrencies, including Ethereum
ETH
$2 181
24h volatility:
2.5%
Market cap:
$263.42 B
Vol. 24h:
$21.63 B
, Solana
SOL
$141.1
24h volatility:
3.8%
Market cap:
$71.56 B
Vol. 24h:
$6.38 B
, Cardano
ADA
$0.64
24h volatility:
5.1%
Market cap:
$22.87 B
Vol. 24h:
$700.49 M
, Avalanche
AVAX
$21.45
24h volatility:
1.9%
Market cap:
$8.88 B
Vol. 24h:
$367.73 M
, Sui
SUI
$2.85
24h volatility:
7.4%
Market cap:
$9.04 B
Vol. 24h:
$943.97 M
, Near
NEAR
$3.12
24h volatility:
8.7%
Market cap:
$3.71 B
Vol. 24h:
$211.21 M
, and Polkadot
DOT
$4.58
24h volatility:
0.5%
Market cap:
$6.98 B
Vol. 24h:
$237.45 M
. The Grayscale Smart Contract Fund offering is only available to eligible accredited investors.
Understanding the Grayscale Smart Contract Fund
According to its design, the Grayscale Smart Contract Fund is market-weighted and subject to quarterly rebalancing. It is also subject to a 30% cap upon each rebalance, making it almost impossible for any single token to dominate over others.
Grayscale Smart Contract Fund now includes Ethereum, Solana, Cardano, Avalanche, Sui, Near, and Polkadot. The Fund, which rebalances quarterly, is market cap-weighted and subject to a 30% cap upon each rebalance. #ethereum $SOL $ADA $AVAX $SUI $NEAR $DOT
Available to eligible… pic.twitter.com/NLpANn0cjZ
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