Crypto asset manager Grayscale Investments has announced the addition of two more digital assets, Uniswap (UNI / USD) and Solana (SOL / USD), to its holdings. Grayscale has continued its usual policy of rebalancing its asset investment as the two additional tokens become the last to benefit.
The asset manager said that he has reduced his investments in Bitcoin Cash (BCH / USD) and Litecoin (LTC / USD) to add UNI and SOL to his holdings. According to the announcement, UNI now owns 1.06% of its cryptocurrency investments, while SOL owns 3.24%.
BTC and ETH still dominate the Fund
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This comes after rebalancing its assets the previous quarter when it made Cardano (ADA) the third largest cryptocurrency in the Digital Large Cap Fund, accounting for 4.26% of the Fund at the time. However, the recent asset rebalancing means that Grayscale’s investment in ADA now represents 5.11% of the entire Fund.
Bitcoin (BTC) and Ethereum (ETH) still account for the majority of holdings, with the former accounting for 62.19% while the latter accounting for 26.32%.
However, while Bitcoin dominates the crypto fund, UNI leads when it comes to Grayscale’s DeFi fund, with 45.2% of holdings. It is followed by AAVE with 14.11%.
Most grip and dominance in the industry
Grayscale Investment is the largest digital asset manager in the US and possibly the world. The firm has continued to dominate the market as several of the top major clients continue to increase their cryptocurrency investment on the platform. Grayscale’s only asset, Bitcoin Trust, appears to be receiving the most attention from major investors.
Recently, Morgan Stanley expanded its cryptocurrency investment with the asset manager, making it even stronger in the market.
More major giants invest in grayscale background
As of this writing, Morgan Stanley holds a total of 58,116 Grayscale Bitcoin Trust shares through its European Opportunity Trust. Other mainstream giants have also increased their investment in grayscale cryptocurrencies, further expanding the company’s crypto holdings.
Morgan Stanley was one of the main firms that opposed cryptocurrency investments in the past. But the company is taking a new leaf as pressure from its investors mounts.
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