Grayscale Shifts Large Cap Fund Focus To Ethereum and Bitcoin
The ones finding most benefit from this shift is Ethereum and Bitcoin, having their weighting increased, but this comes at the detriment of other altcoins. Ethereum’s weighting experienced a more pronounced weighting shift, however, moving up to 11.7% as opposed to the previous 9.6%
As one would imagine, the increase in some coins would lead to the inevitable decrease of others, with three significant altcoins having their weight reduced during this same time frame in the fund.
Litecoin saw the lowest drop in the shift, going down to 1.2% from the 1.6%
As it stands now, the single-asset investment funds for both Ethereum and bitcoin have been the largest ones under the management of the firm. In early April, it was shown that the crypto investment firm was buying the equivalent of half of all the mined ETH in 2020, and has eventually come to be the owner of 1.1% of the entire circulating supply of Bitcoin.
