Grayscale Investments Includes SOL and UNI in GDLC Fund – Bits Media

Grayscale Investments adds SOL and UNI to GDLC fund size $495 million as part of the last rebalancing. To achieve this, the company sold part of the fund’s other assets, Including BTC.

According to Grayscale, as part of the latest quarterly rebalancing of the Digital Large Cap Fund (GDLC), the company added crypto assets SOL and UNI to the investment instrument, which now constitute 3.24% and 1.06% from all fund assets. BTC maintains a dominant position in the fund with 62%, and the ETH volume is 26%. GDLC also includes ADA, LINK, LTC и BCH.

To buy SOL and UNI, the fund manager sold other assets. The volume of BTC in the fund decreased by approximately 5% since the last rebalancing in July. At the same time, the share of ADA in the fund has increased from the last quarter from 4.26% to 5.11%.

Rebalancing highlights institutional investor interest in Solana. The price of SOL began to rise this summer and peaked in $191 in mid-September, and then fell to the current price in $161. The change in the proportion of assets in the fund also indicates that, that Bitcoin's dominance is gradually declining in favor of altcoins.

In April, BTC was 79.8% fund assets, and ETH is only 17%. BTC's dominance by market capitalization also fell from 69% In April to 42% last week. However, Grayscale's largest product remains the GBTC fund. $30 billion. The company's second largest investment instrument is the ETHE fund at $9.9 billion.

Recall, that in July Grayscale Investments announced the creation of the Grayscale DeFi Fund, token-focused DeFi.