STAMFORD, Conn., Oct. 4, 2024 (GLOBE NEWSWIRE) — Grayscale Investments® is an asset management company with expertise in crypto investments, offering more than 20 crypto investment products, and Grayscale ® It is also the manager of the Decentralized AI Fund (AI Fund). , Grayscale® Decentralized Finance (DeFi) Fund (OTCQB: DEFG) (DeFi Fund), Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund ) today announced updated weightings for each product’s fund components in connection with their respective Q3 2024 reviews.
Pursuant to the AI Fund methodology, Grayscale will increase the AI Fund’s portfolio by selling RNDR, LPT, and existing fund components according to their weightings and using the resulting cash proceeds to purchase RENDER and GRT. I’ve adjusted it. As a result of the rebalancing, RNDR and LPT were removed from the AI Fund and RENDER and GRT were added to the AI Fund. At the end of the day on October 3, 2024, the fund components of the AI Fund were a basket of assets and weights as follows*.
NEAR Protocol (NEAR), 30.03% Bittensor (TAO), 27.67% Filecoin (FIL), 17.54% RENDER, 13.93% The Graph (GRT), 10.83%
No new tokens were added or removed from DEFG. At the end of October 3, 2024, DEFG’s fund components were the following basket of assets and weights**:
Uniswap (UNI), 51.29%Aave (AAVE), 21.87%MakerDAO (MKR), 12.97%Lido (LDO), 9.38%Synthetix (SNX), 4.49%
No new tokens were added or removed from GDLC. At the end of the day on October 3, 2024, GDLC’s fund components were the following basket of assets and weightings**:
Bitcoin (BTC), 75.68% Ethereum (ETH), 17.79% Solana (SOL), 4.03% XRP, 1.87% Avalanche (AVAX), 0.63%
In accordance with the CoinDesk Smart Contract Platform Select Ex ETH Index, Grayscale adjusted the GSCPxE fund’s portfolio by selling existing fund components in proportion to their respective weightings and using the cash proceeds to purchase NEAR. As a result of the rebalancing, NEAR was added to the GSCPxE fund. At the end of the day on October 3, 2024, the fund components of the GSCPxE Fund were a basket of assets and weightings**:
Solana (SOL), 65.84% Cardano (ADA), 12.23% Avalanche (AVAX), 10.28% Polkadot (DOT), 6.32% NEAR Protocol (NEAR), 5.33%
The AI Fund, DEFG, GDLC, and GSCPxE Fund all generate no income and periodically distribute Fund Components to pay their ongoing expenses. Therefore, the amount of Fund Components represented by each Fund Share will gradually decrease over time.
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This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation would be unlawful, and this press release does not constitute an offer to sell or the solicitation of any securities in any jurisdiction in which such offer or solicitation would be unlawful. shall not be sold. or any sale thereof prior to registration or qualification under the securities laws of any jurisdiction would be unlawful.
*AI Fund composition is evaluated on a quarterly basis to remove existing fund components or include new fund components in accordance with the fund methodology established by Grayscale, the fund’s manager. AI Fund holdings and weightings are subject to change.
**DEFG, GDLC, and GSCPxE fund compositions are evaluated on a quarterly basis to remove existing fund components or include new fund components according to the index methodology established by the index provider. Each fund’s holdings and weights are subject to change. Investors cannot invest directly in an index.
About Grayscale® Decentralized AI Fund
The AI Fund aims to provide investors with protocols to build decentralized AI services, solutions to centralized AI-related problems, and the infrastructure and resources essential to AI technology development. Grayscale plans to attempt to offer shares of this new product on the secondary market. However, there is no guarantee that this will be successful. Although shares of a particular product are approved for trading in the secondary market, investors in this product may be subject to a variety of factors, including questions from regulatory authorities such as the SEC, FINRA, etc. You shouldn’t think so. Regulatory authorities may make regulations regarding the product. As a result, shareholders of this product should be prepared to bear the risk of investing in the shares indefinitely.
About Grayscale® Decentralized Finance Fund
DeFi Fund aims to provide investors with a selection of industry-leading decentralized finance platforms through a market cap weighted portfolio designed to track the CoinDesk DeFi Select Index. DeFi funds hold some of the largest and most liquid digital assets that meet specific trading and custody requirements and fall into the DeFi sector as defined by the CoinDesk Digital Asset Classification Standard (DACS). The weightings for each fund component change daily and are published at approximately 4:00 pm New York time. Additional information about the CoinDesk DeFi Select Index methodology can be found at https://www.coindesk.com/indices/dfx/.
The investment objective of a DeFi fund is for its shares to reflect the value of the fund components held by the DeFi fund, less expenses and other liabilities. To date, the DeFi fund has not achieved its investment goals, and the shares listed on OTCQB are the value of the fund components held by the DeFi fund, less the DeFi fund’s expenses and other liabilities. It does not reflect the current market conditions and trades at both a premium and a discount. Up to such values, sometimes significant fluctuations occurred.
About Grayscale® Digital Large Cap Fund
The Digital Large Cap Fund aims to provide investors with exposure to large-cap stocks in the digital asset market through a market capitalization-weighted portfolio designed to track the CoinDesk Large Cap Select Index. The Digital Large Cap Fund meets certain trading and custody requirements and holds the largest and most liquid digital assets classified under the CoinDesk Digital Asset Classification Standard (DACS). The weightings for each fund component change daily and are published at approximately 4:00 pm New York time. Additional information regarding the index methodology can be found at https://www.coindesk.com/indices/dlcs/.
The Digital Large Cap Fund’s investment objective is for its shares to reflect the value of the fund components held by the Digital Large Cap Fund, less expenses and other liabilities. To date, the Digital Large Cap Fund has not achieved its investment objectives, and the stocks listed on the OTCQX have been devalued by the value of the fund components held by the Digital Large Cap Fund, including the Digital Large Cap Fund’s expenses and other , net of debt, and instead traded at both a premium and a discount to such value, and the fluctuations were sometimes quite large.
About Grayscale® Smart Contract Platform Ex-Ethereum Fund
GSCPxE Fund aims to provide investors with a selection of industry-leading smart contract platforms through a market cap weighted portfolio designed to track the CoinDesk smart contract platform SelectExETH index. GSCPxE Fund invests in some of the largest and most liquid digital assets, excluding Ether, that meet specific trading and custody requirements and fall into the smart contract platform sector as defined by the CoinDesk Digital Asset Classification Standard (DACS). I own it. The weightings for each fund component change daily and are published at approximately 4:00 pm New York time. Additional information about the CoinDesk smart contract platform’s Select Ex ETH Index methodology can be found at https://www.coindesk.com/indices/scpxx/.
Grayscale plans to attempt to offer shares of this new product on the secondary market. However, there is no guarantee that this will be successful. Although shares of a particular product are approved for trading in the secondary market, investors in this product may be subject to a variety of factors, including inquiries with regulatory authorities such as the SEC, FINRA, etc. You shouldn’t think so. Regulatory authorities may make regulations regarding the product. As a result, shareholders of this product should be prepared to bear the risk of investing in the shares indefinitely.
Smart contracts are a new technology, and ongoing developments may magnify initial problems, cause instability in networks that use smart contracts, and reduce interest in smart contracts. This could have a negative impact on the value of the digital assets on which smart contracts are deployed.
Extreme fluctuations in trading prices, which many digital assets have recently experienced and may continue to experience, could have a material adverse effect on the value of the instruments and could result in the loss of all or substantially all of the value of the securities. there is.
About Grayscale Investments®
Grayscale gives investors access to the digital economy through a suite of forward-looking investment products. Founded in 2013, Grayscale has a decade of experience and deep expertise as an asset management company focused on crypto investments. Investors, advisors, and allocators rely on Grayscale for single-asset, diversified, and thematic exposure. Grayscale products are distributed by Grayscale Securities, LLC (member FINRA/SIPC).
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