Crypto asset manager Grayscale Investments has announced new crypto asset weightings across its flagship funds, based on Q2 2024 assessments. The flagship funds are the Grayscale Digital Large Cap Fund (GDLC), the Grayscale DeFi Fund (DEFG), and the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). The rebalancing removes Polygon (MATIC) from the GSCPxE Fund.

After carefully evaluating the performance of crypto assets in the second quarter, Grayscale has made changes to GDLC, DEFG and GSCPxE Fund. These funds are reviewed and adjusted every quarter based on market developments, indexes and other relevant factors.

According to the latest press release, no new tokens have been added or removed from the Grayscale Digital Large Cap Fund (GDLC). The current component weightings are: Bitcoin (70.46%), Ethereum (23.51%), Solana (3.86%), XRP (1.54%), and Avalanche (0.63%). In January, XRP and AVAX replaced Polygon (MATIC) in GDLC, and in April, Cardano (ADA) was removed from this fund.

For the Grayscale DeFi Fund (DEFG), the components remain the same, but the weightings have been adjusted to Uniswap (53.75%), MakerDAO (17.94%), Lido (12.68%), Aave (10.58%), and Synthetix (5.05%).

Additionally, Polygon has been removed from the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). The new weightings of this fund are now: Solana (65.80%), Cardano (14.67%), Avalanche (10.70%), and Polkadot (8.83%). The proceeds from the sale of MATIC were used to purchase these crypto assets.

Polygon has dropped to 21st place after the US Securities and Exchange Commission (SEC) announced that MATIC is considered a security. The price of MATIC has dropped 34% in a month due to panic selling in the crypto market.

However, over the past 24 hours, the price has risen by more than 7% after new labor market data confirmed two rate cuts by the US Federal Reserve. The lowest and highest prices in the past 24 hours were $0.4305 and $0.4796 respectively. However, the trading volume has decreased by 38% over the same period.

Polygon price hit a two-year low after losing 20% ​​in a week. The outlook remains bleak despite Polygon being one of the most popular blockchain networks. Polygon’s position in the market has been in continuous decline since last year.


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