Grayscale Investments updated its key fund ratios after analyzing the performance for the second quarter of 2024.
Polygon (MATIC) has been removed from the Grayscale Smart Contract Platform Ex-Ethereum (GSCPxE Fund). The new allocations 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 allocations are now Bitcoin (70.46%), Ethereum (23.51%), Solana (3.86%), XRP (1.54%), and Avalanche (0.63%).
The Grayscale Decentralized Finance (DeFi) Fund now holds Uniswap (53.75%), MakerDAO (17.94%), Compound (12.68%), AAVE (10.58%), and Synthetix (5.05%).
Polygon (MATIC) has declined by 31% over the past month. Despite a recent recovery of 7%, trading volumes have decreased by 38%, with market positions hitting a two-year low since last year.
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Grayscale’s decision to rebalance its funds underscores ongoing corrections in the crypto market, responding to regulatory changes and market outcomes. These adjustments reflect broader industry trends where adaptability and strategic changes are crucial for maintaining growth and stability in the rapidly evolving digital asset landscape.
