With the latest adjustment, SOL will be included in a Grayscale investment product for the first time, with UNI already part of the DeFi fund.
Grayscale, the world’s largest digital asset manager, has added Solana (SOL) and Uniswap (UNI) to its main asset, the Digital Large Cap Fund.
To add the two cryptocurrencies to the Digital Large Cap Fund’s portfolio, Grayscale sold ‘certain amounts from existing fund components’ and used the money to buy Solana and Uniswap.
In July, Grayscale added Cardano (ADA) to the Large Cap Fund, adjusting the weighting of the portfolio, which continues to be dominated by Bitcoin.
Solana accounts for 3.24% of the Fund
With SOL and UNI being part of the Digital Large Cap Fund, the basket of supported crypto assets included eight cryptocurrencies at the market close on Friday. Bitcoin still represented the largest weighting at 62.19%, while Ethereum (ETH) accounted for 26.08% and Cardano (ADA) 5.11%.
Solana (SOL), which was added to a Grayscale investment vehicle for the first time, is the fourth largest with a share of 3.24%. Uniswap (UNI) made up 1.06% of the portfolio, while Chainlink (LINK) completed the portfolio with 0.82%, Litecoin (LTC) with 0.77% and Bitcoin Cash (BCH) with 0.73%.
The price of Solana has risen about 25% over the past week, with the SOL/USD pair trading at $170 on Monday morning. Uniswap’s UNI is up about 7% over the same period, trading at $25.
The adjustment of the flagship fund follows the quarterly rebalancing of assets in the fund by the investment manager, the company said in a press release.
The Digital Large Cap Fund enables investors to benefit from the profits of the leading digital assets through a single investment product. Investors don’t have to worry about engaging in actual cryptocurrencies.
While the components of the portfolio are reviewed on a quarterly basis, the weighting of each asset may vary from day to day. Grayscale publishes the weights at the end of each trading session.