Grayscale launched a fund based on “Ethereum killers”

22.03.2022 18:30
by Artem Ustinov
1 min read

Digital asset manager Grayscale Investments launched a fund based on smart-contract platforms of the Grayscale Ex-Ethereum Fund (GSCPxE).

The product tracks the CoinDesk Smart Contract Platform Select Ex ETH index. The investment portfolio based on the new instrument included well-known “Ethereum killers” like:

  • Cardano (ADA) – 24.63%;
  • Solana (SOL) – 24.27%;
  • Avalanche (AVAX) – 16.96%;
  • Polkadot (DOT) – 16.16%;
  • Polygon (MATIC) – 9.65%;
  • Algorand (ALGO) – 4.27%;
  • Stellar (XLM) – 4.06%.

The new Grayscale fund is open for subscription to qualified private and accredited institutional investors. The volume of funds in the company’s trust amounted to $9 billion on March 21.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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