Grayscale Investments updated its key fund ratios after analyzing the performance in the second quarter of 2024.
Polygon (MATIC) has been removed from the Grayscale Smart Contract Platform Ex-Ethereum (GSCPxE Fund). The new ratios in this fund are Solana (65.80%), Cardano (14.67%), Avalanche (10.70%), and Polkadot (8.83%).
In the Grayscale Digital Large Cap (GDLC) fund, the holdings now consist of Bitcoin (70.46%), Ethereum (23.51%), Solana (3.86%), XRP (1.54%), and Avalanche (0.63%). The Grayscale Decentralized Finance (DeFi) Fund now includes Uniswap (53.75%), MakerDAO (17.94%), Compound (12.68%), AAVE (10.58%), and Synthetix (5.05%).
The price of Polygon (MATIC) has dropped by 31% in the last month. Despite a recent recovery of 7%, trading volumes have decreased by 38%, and its market positions have fallen from last year, hitting a two-year low.
Read More:
How FTX’s $16B payment affects Bitcoin and Solana prices
Grayscale’s decision to rebalance its funds underscores the ongoing corrections in the crypto market as it responds to regulatory changes and market outcomes.
These changes signal broader trends in the industry, where adaptability and strategic adjustments are crucial to maintaining growth and stability in the rapidly evolving landscape of digital assets.
