2024-04-07
Grayscale Smart Contract Platform
Ex-Ethereum Fund (GSCPxE) is a fund that invests in native token of smart
contract platforms.
Smart contract blockchains are the
foundation of crypto economy.
On April 5, 2024, Grayscale announced
on X that it has removed Cosmos (ATOM) from its portfolio by selling ATOM
tokens, citing rebalance strategy.
Cosmos currently ranks 29th
largest crypto by market cap. It has $4.34 billion valuation in both market cap
and fully diluted market cap.
www.grayscale.com/crypto-products/grayscale-smart-contract-platform-ex-ethereum-fund
The newly updated Grayscale smart
contract platform fund focuses its investment on Solana (58.41%) of portfolio. Follow
by Cardano and Avalanche weight 14.56% and 12.25% each.
Grayscale investment team still have an
eye on the development of Polkadot and Polygon. It invests 8.53% in Polkadot
and 6.25% in Polygon.
Ranking
Solana currently rank 5th, Cardano currently ranks 9th, Avalanche currently ranks 11th, Polkadot currently ranks 14th, and Polygon currently ranks 17th largest crypto by market cap.
Grayscale Smart Contract Platform
Ex-Ethereum Fund (GSCPxE) now focuses its investment in Solana (SOL). This
could mean Grayscale investment team views that Solana has the potential to
become 3rd most valuable cryptocurrency after Bitcoin and Ethereum.