Grayscale Investments has announced a reshuffle of its crypto-focused funds—with winners and losers starting to emerge.
The asset manager has ditched Avalanche from its Digital Large Cap Fund in order to make room for a small allocation of Cardano.
Bitcoin and Ethereum make up 90% of this portfolio, with the remainder split among XRP, Solana, and now Cardano.
In an announcement, the company stressed this adjustment was based on fluctuations in the CoinDesk Large Cap Select Index.
Avalanche has struggled to perform in the current bull run—with AVAX’s price basically flat compared with a year ago. By comparison, its replacement Cardano has rallied by 75% over the same period.
Elsewhere, there’s been a reshuffle in the GSCPxE Fund, which…
Jan 10 2025
