Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for Second Quarter 2022

NEW YORK, July 08, 2022 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world's largest digital currency asset manager, and manager of Grayscale® Digital Large Cap Fund (OTCQX:GDLC ) (Digital Large Cap Fund), Grayscale® DeFi Fund (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective second quarter 2022 reviews. In accordance with the CoinDesk Large Cap Select Index methodology, Grayscale has adjusted the Digital Large Cap Fund's portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Bitcoin Cash, Chainlink, Litecoin, Polkadot and Uniswap have been removed from the Digital Large Cap Fund. No new tokens were added to the Digital Large Cap Fund. At the end of the day on July 7, 2022, the Digital Large Cap Fund's Fund Components were a basket of the following assets and weightings. Bitcoin (BTC), 68.88% Ethereum (ETH), 25.22% Cardano (ADA), 2.71% Solana (SOL), 2.23% Avalanche (AVAX), 0.96% In accordance with the CoinDesk DeFi Index methodology, Grayscale has adjusted the DeFi Fund's portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Yearn Finance (YFI) has been removed from the CoinDesk DeFi Select Index and the DeFi Fund. No new tokens were added to the DeFi Fund. At the end of the day on July 6, 2022, the DeFi Fund's Fund Components were a basket of the following assets and weightings. Uniswap (UNI), 56.35% MakerDAO (MKR), 13.49% Aave (AAVE), 12.44% Curve DAO Token (CRV), 7.48% Amp (AMP), 5.52% Compound (COMP), 4.72% In accordance with the CoinDesk Smart Contract Platform Select Ex ETH Index methodology, Grayscale has adjusted the GSCPxE Fund's portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Stellar Lumens (XLM) has been removed from the CoinDesk Smart Contract Platform Select Ex ETH Index and the GSCPxE Fund. No new tokens were added to the GSCPxE Fund. At the end of the day on July 6, 2022, the GSCPxE Fund's Fund Components were a basket of the following assets and weightings. Cardano (ADA), 31.69% Solana (SOL), 25.43% Polkadot (DOT), 13.90% Avalanche (AVAX), 10.87% Polygon (MATIC), 8.45% Cosmos (ATOM), 5.29% Algorand (ALGO), 4.37%Full story available on Benzinga.com