Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for Second Quarter 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 05 2024
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Source: Newsfilter
- Grayscale Investments Fund Updates: Grayscale Investments announced updated Fund Component weightings for their Digital Large Cap Fund, DeFi Fund, and Smart Contract Platform Ex-Ethereum Fund in the second quarter of 2024.
- Fund Components: The Digital Large Cap Fund included Bitcoin, Ethereum, Solana, XRP, and Avalanche. The DeFi Fund consisted of Uniswap, MakerDAO, Lido, Aave, and Synthetix. The Smart Contract Platform Ex-Ethereum Fund had Solana, Cardano, Avalanche, and Polkadot.
- Rebalancing Actions: Grayscale adjusted the GSCPxE Fund's portfolio by selling Polygon (MATIC) and purchasing existing Fund Components in proportion to their weightings, resulting in the removal of Polygon from the fund.
- Income Generation: None of the funds generate income, and they distribute Fund Components to cover expenses, leading to a gradual decrease in the amount of Fund Components represented by shares over time.
- About Grayscale Investments: Grayscale enables investors to access the digital economy through various investment products and is known as the world's largest crypto asset manager.
Analyst Views on GDLC
Wall Street analysts forecast GDLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDLC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
