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Grayscale Shuffles Mixed Crypto Funds: Adds AVAX, DOT, ATOM; Drops SUSHI, SNX

The asset manager announced changes to a trio of diversified crypto funds.

Обновлено 11 мая 2023 г., 4:10 p.m. Опубликовано 6 апр. 2022 г., 8:35 p.m. Переведено ИИ

Grayscale's new ad campaign in New York's Penn Station. (Nikhilesh De/CoinDesk)

Grayscale Investments, which shares a parent company with CoinDesk, announced Wednesday the quarterly rebalancing of its diversified crypto funds.

Crypto traders large and small look to the regular reshufflings for intel on which coins are popping onto the radar of one of the industry's largest asset management firms.
For the Grayscale Digital Large Cap Fund, the firm added Avalanche (AVAX) and Polkadot (DOT) to the mix without removing any assets.
For the Grayscale DeFi Fund, SushiSwap (SUSHI) and Synthetix (SNX) were removed. No new tokens were added.
For the newly launched Grayscale Smart Contract Platform Ex-Ethereum Fund, Cosmos (ATOM) was added to the fold. No tokens were kicked to the curb.

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Zack Seward

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.