Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for Third Quarter 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
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Source: Newsfilter
Grayscale Investments Updates Fund Portfolios: Grayscale Investments has rebalanced its crypto investment products, including the AI Fund, DeFi Fund, Digital Large Cap Fund, and GSCPxE Fund, adjusting their asset weightings based on recent evaluations. Notable changes include the removal of RNDR and LPT from the AI Fund and the addition of RENDER and GRT.
Investment Objectives and Risks: Each fund aims to reflect the value of its components minus expenses, but they have not consistently met this objective, often trading at premiums or discounts. Investors are cautioned about the potential volatility and risks associated with digital assets and smart contracts.
Analyst Views on GBTC
Wall Street analysts forecast GBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBTC 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.
