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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. 

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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. 

📰 Also read:  Price Analysis November 12th, 2024 - BTC, DOGE, ADA, SOL, BNB, and ETH

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.


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Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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