Grayscale announced that it will add Avalanche (AVAX), Polkadot (DOT) and Cosmos (ATOM) with a total market value of over $30 billion to its basket and sell 2 altcoin projects.
Grayscale updated altcoin basket
The investment giant is adding 3 new altcoins to its three diversified funds and removing the other two as part of the rebalancing. Today, it announced updated fund component weights for each product in conjunction with their respective Q1 2022 reviews. In accordance with its construction criteria, Grayscale has adjusted its crypto equity fund portfolio by selling certain amounts of existing fund components by weight and using the cash proceeds to buy Avalanche (AVAX) and Polkadot (DOT). On April 5, 2022, fund components were arranged by the following cryptocurrencies and weights:
- Bitcoin (BTC) 60.07%
- Ethereum (ETH) 28.57%
- Solana (SOL) 3.06%
- Cardano (ADA) 2.74%
- Avalanche (AVAX) 1.77%
- Polkadot (DOT) 1.56%
- Litecoin (LTC) ) 0.62%
- Chainlink (LINK) 0.57%
- Uniswap (UNI) 0.55%
- Bitcoin Cash (BCH) 0.49%
The company also reorganized its DeFi fund portfolio by selling certain quantities of existing fund components in proportion to their respective weights. As a result of the rebalancing, SushiSwap (SUSHI) and Synthetix (SNX) were removed from the DeFi fund. No new tokens have been added to the DeFi fund. As of April 5, 2022, the weight of the DeFi fund has been adjusted to the following ratios:
- Uniswap (UNI) 42.34%
- Curve (CRV) 17.56%
- Aave (AAVE) 13.27%
- Amp (AMP) 9.58%
- MakerDAO (MKR) 8.32%
- Compound (COMP) 5.86%
- Yearn Finance (YFI) 3.07% ( As we have cited as
Kriptokoin.com, the DeFi fund, which was launched last July, has approximately $8 million in assets.
Cosmos (ATOM) adding to cart
In accordance with the Select Ex ETH Index methodology, Grayscale generates cash revenues by selling certain amounts of the available fund according to their respective weights and generating cash income from Cosmos (ATOM) ) adjusted the GSCPxE portfolio by using it to buy. As of April 5, 2022, the GSCPxE fund was renewed at the following rates:
- Solana (SOL) 26.47%
- Cardano (ADA) 25.12%
- Avalanche (AVAX) 14.95%
- Polkadot (DOT) 13.95%
- Polygon (MATIC) 7.54%
- Cosmos (ATOM) 5.23%
- Stellar (XLM) 3.43%
- Algorand (ALGO) 3.31%
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