Crypto Giant Grayscale Adds Solana and Uniswap to Large Cap Digital Fund in Quarterly Rebalancing

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Digital asset giant Grayscale is adding smart contract platform Solana (SOL) and decentralized exchange Uniswap (UNI) to one of its crypto investment products.

In a new press release, Grayscale says it has added SOL and UNI to its Digital Large Cap fund as part of a quarterly crypto asset rebalance.

The crypto asset manager, which is the largest of its kind with more than $ 41.50 billion in digital assets under management, said it had to sell certain amounts of assets from the Digital Large Cap Fund and used the product to make room for Solana and Uniswap. . As of October 1, Solana is the fourth largest component of the fund with a weighting of 3.24%. Uniswap comes in fifth with an allocation of 1.06%.

Other crypto assets included in the portfolio are Bitcoin (62.19%), Ethereum (26.08%), Cardano (5.11%), Chainlink (0.82%), Litecoin (0.77%) and Bitcoin Cash (0.73%).

Digital asset manager CoinShares reports that Solana dominated the altcoin space in terms of institutional capital inflows for the month of September. According to CoinShares, SOL recorded at least $ 59 million in monthly institutional entries as of September 27, eclipsing Ethereum’s $ 35.10 million.

CoinShares also reported that institutional investors essentially ignored Solana’s recent grid outage last month, pumping capital into SOL rather than being cautious.

“This suggests that investors were happy to ignore the attack, viewing it as startup issues rather than something more inherent in the network.

At the time of writing, Solana is trading at $ 174, while Uniswap changes hands at $ 27.00, according to CoinGecko.

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