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

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

AccessTimeIconApr 6, 2022 at 8:35 p.m. UTC
Updated May 11, 2023 at 4:10 p.m. UTC

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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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Zack Seward

Zack Seward is CoinDesk’s contributing editor-at-large.


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