Here Are the 5 Cryptocurrencies Removed From Grayscale’s Digital Large Cap Fund

Grayscale, whose focus lately has been primarily on turning its flagship Trust into a spot Bitcoin ETF, has removed five altcoins from its Digital Large Cap Fund. The assets in question are Bitcoin Cash, Chainlink, Litecoin, Polkadot, and Uniswap.

The statement from earlier this week informed that the largest digital asset manager had sold “certain amounts of the existing Fund Components in proportion to their respective weightings.”
Consequently, Grayscale has removed BCH, LINK, LTC, DOT, and UNI from the Digital Large Cap Fund and will not add any replacements.
Bitcoin continues to have the largest share within the aforementioned fund with 68.88%, followed by Ethereum 25.22%, Cardano (2.71%), Solana (2.23%), and Avalanche (0.96%).
Grayscale has also removed Yearn Finance (YFI) from its DeFi Fund and will not replace it with another asset. Uniswap (56.35%) is the clear leader in this product, MakerDAO (13.49%), Aave (12.44%), Curve DAO Token (7.48%), Amp (5.52%), and Compound (4.72%) are next.
Lastly, the asset manager has delisted Stellar Lumens from the Smart Contract Platform Select Ex ETH Index, where Cardano, Solana, and Polkadot have the largest shares.
These changes come at an intriguing time for Grayscale, which has seen its AUM decreased considerably in the past year or so.
The company is mainly focused on converting its Bitcoin Trust into a spot Bitcoin ETF in the States, which has seen little-to-no success. The SEC rejected Grayscale’s latest application, which pushed the asset manager into pursuing legal action against the securities watchdog.

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