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REGULATION
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11 months ago

Grayscale smart contract platform fund has removed Cosmos from its portfolio and focuses its investment in Solana

2024-04-07

REGULATION
by
11 months ago


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.

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