Grayscale, a leading global asset management firm, has implemented a significant change within its investment portfolios. Specifically, Grayscale has announced the removal of Polygon (MATIC) from its Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) during the second quarter of 2024.
In addition to this adjustment, Grayscale conducted rebalancing across its three funds throughout the same quarter. While MATIC was delisted from the GSCPxE Fund, there were no alterations made to the composition of the other two funds: Grayscale Digital Large Cap Fund (GDLC) and Grayscale DeFi Fund (DEFG).
Despite MATIC’s removal from the GSCPxE Fund, Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT) will remain part of the fund’s portfolio.
It’s worth noting that MATIC has been categorized as a security by the US Securities and Exchange Commission (SEC) in various legal proceedings. As of the latest update, MATIC has shown an 11% increase over the past 24 hours, trading at $0.477.
*This article does not constitute investment advice.*
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Author: Elif Azra Güven