Grayscale Investments, a New York-based crypto asset manager, now includes Solana’s SOL and Uniswap’s UNI tokens in its Grayscale Digital Large Cap Fund (GDLC) portfolio after rebalancing its cryptocurrency basket.
GDLC’s quarterly rebalancing is accomplished by selling existing portfolio components for cash and acquiring well-performing crypto assets. Based on the adjustment, SOL and UNI represent 3.24% and 1.06% of the fund’s components, respectively, while Grayscale continues to reduce Litecoin (LTC) and Bitcoin Cash (BCH) farms.
After the previous quarterly rebalancing, Grayscale’s portfolio included 4.26% of the THERE ARE, making it the third largest asset in the Digital Large Cap Fund. However, the latest adjustment means that ADA now represents 5.11% of the fund.
Bitcoin (BTC) and ether (ETH) continue to own the majority of the GDLC basket of cryptocurrencies at 62.19% and 26.08%, respectively. Chainlink’s LINK token, Bitcoin Cash, and Litecoin together account for 2.32% of GDLC’s basket, which is down from 2.88% in July.
Grayscale has not made quarterly adjustments to its DeFi Fund, which is currently dominated by UNI with 45.20% and AAVE with 14.11%.
Grayscale’s products continue to gain widespread attention, with financial giants like Morgan Stanley more than doubling their investment in Grayscale’s only asset, the Grayscale Bitcoin Trust.
As Cointelegraph previously reported, Morgan Stanley has invested in a total of 58,116 Grayscale Bitcoin Trust shares as of July through its Europe Opportunity Fund, indicating a 105% increase in shares since April.
The company’s move towards aggressive crypto investments follows a recent announcement from March 2021 aimed at providing investors with exposure to Bitcoin.