Grayscale Tops Up Crypto Multi Cap Trust with $SOL and $UNI

US-based asset management firm Grayscale Investments has doubled up on its multi-cap Trust with two latest additions, Solana and Uniswap. However, Grayscale reduced its Litecoin and Bitcoin Cash bags as part of a quarterly routine. Grayscale’s Multi Cap Trust is one of its several Trusts dedicated to crypto investments.

Solana (SOL) now represents 3.24%, while Uniswap (UNI) accounts for 1.06% of the asset manager’s Digital Multi Cap Trust (GDLC). Grayscale carries out a quarterly repositioning of the Trust by shedding bags of existing crypto assets and purchasing other crypto assets that are doing well in its assessment. As such, the asset management firm depleted its LTC and BCH bags to include the two latest additions. 

ADA Now Third-Largest Crypto Investment in GDLC

In the last quarterly repositioning, Grayscale added ADA, the native token of the largest proof-of-stake blockchain, Cardano. At the time, ADA ranked as the third-largest cryptocurrency and accounted for 4.26% in the Multi Cap Trust. Currently, ADA accounts for 5.11% following another purchase after the first.

Meanwhile, benchmark cryptocurrency, Bitcoin and largest altcoin Ethereum have both taken the largest share, with the former pooling 62.19% to itself and the latter accounting for 26.08%. Altogether, Bitcoin Cash (BCH), Chainlink (LINK) and Litecoin (LTC) currently account for a meagre 2.32% of the Multi Cap Trust, after falling from 2.88% back in July.

Grayscale is yet to make any quarterly alterations to its decentralized finance (DeFi) Trust. Uniswap’s UNI and Aave Finance’s AAVE are currently the leading assets in this Trust, accounting for 45.20% and 14.11%, respectively. 

Morgan Stanley, Rothschild Investments Join Grayscale Crypto Trusts 

The asset manager’s Trusts have continued to gain traction among legacy firms or institutional investors like banking giant Morgan Stanley. Morgan Stanley and several institutional firms have picked up a special interest in Grayscale’s Bitcoin Trust (GBTC). In August, Rothschild Investments invested in three of Grayscale’s Trusts, namely Bitcoin Trust, Ethereum and DeFi Trust. 

Based on estimates, GBTC holds more than 650,000 Bitcoins, which represent 46% of the 1.4 million Bitcoin in the custody of publicly listed firms. This also makes the GBTC the largest Bitcoin Trust in the world. 

Morgan Stanley, according to reports, has purchased almost 60,000 shares in Grayscale’s Bitcoin Trust as of July, signifying an increase in the number of shares held as of April. 

In line with its aim to offer investors indirect exposure to Bitcoin and other cryptocurrencies, Grayscale has been steadily making huge crypto investments, providing more liquidity for these assets. Grayscale unlocks its GBTC every 6 months, and this is usually followed by massive sell-offs from investors, which the crypto market, more often than not, responds to negatively.

US-based asset management firm Grayscale Investments has doubled up on its multi-cap Trust with two latest additions, Solana and Uniswap. However, Grayscale reduced its Litecoin and Bitcoin Cash bags as part of a quarterly routine. Grayscale’s Multi Cap Trust is one of its several Trusts dedicated to crypto investments.

Solana (SOL) now represents 3.24%, while Uniswap (UNI) accounts for 1.06% of the asset manager’s Digital Multi Cap Trust (GDLC). Grayscale carries out a quarterly repositioning of the Trust by shedding bags of existing crypto assets and purchasing other crypto assets that are doing well in its assessment. As such, the asset management firm depleted its LTC and BCH bags to include the two latest additions. 

ADA Now Third-Largest Crypto Investment in GDLC

In the last quarterly repositioning, Grayscale added ADA, the native token of the largest proof-of-stake blockchain, Cardano. At the time, ADA ranked as the third-largest cryptocurrency and accounted for 4.26% in the Multi Cap Trust. Currently, ADA accounts for 5.11% following another purchase after the first.

Meanwhile, benchmark cryptocurrency, Bitcoin and largest altcoin Ethereum have both taken the largest share, with the former pooling 62.19% to itself and the latter accounting for 26.08%. Altogether, Bitcoin Cash (BCH), Chainlink (LINK) and Litecoin (LTC) currently account for a meagre 2.32% of the Multi Cap Trust, after falling from 2.88% back in July.

Grayscale is yet to make any quarterly alterations to its decentralized finance (DeFi) Trust. Uniswap’s UNI and Aave Finance’s AAVE are currently the leading assets in this Trust, accounting for 45.20% and 14.11%, respectively. 

Morgan Stanley, Rothschild Investments Join Grayscale Crypto Trusts 

The asset manager’s Trusts have continued to gain traction among legacy firms or institutional investors like banking giant Morgan Stanley. Morgan Stanley and several institutional firms have picked up a special interest in Grayscale’s Bitcoin Trust (GBTC). In August, Rothschild Investments invested in three of Grayscale’s Trusts, namely Bitcoin Trust, Ethereum and DeFi Trust. 

Based on estimates, GBTC holds more than 650,000 Bitcoins, which represent 46% of the 1.4 million Bitcoin in the custody of publicly listed firms. This also makes the GBTC the largest Bitcoin Trust in the world. 

Morgan Stanley, according to reports, has purchased almost 60,000 shares in Grayscale’s Bitcoin Trust as of July, signifying an increase in the number of shares held as of April. 

In line with its aim to offer investors indirect exposure to Bitcoin and other cryptocurrencies, Grayscale has been steadily making huge crypto investments, providing more liquidity for these assets. Grayscale unlocks its GBTC every 6 months, and this is usually followed by massive sell-offs from investors, which the crypto market, more often than not, responds to negatively.

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.