Diversifying Beyond Ethereum: Grayscale’s Smart Contract Fund

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Altcoinbuzz2025/01/11 02:33

By:By Victor -Victor -

Diversification is key, and the Grayscale Smart Contract Platform Ex-Ethereum Fund is a shining example of this strategy

This fund excludes Ethereum from its portfolio.

This ex-Ethereum portfolio offers American investors a unique opportunity to get in on the ground floor of some promising smart contract platforms. Let’s discover how Grayscale is changing the distribution of its crypto investments.

Top Three Holdings: Solana, Cardano, and Avalanche

First up, we have Solana (SOL), which takes the biggest share with a whopping 55.22% weight in the fund. Solana’s recent announcements include the launch of Solana Seeker. Also, a Web3 mobile device , and ZK Compression, offering developers 1,000x cost savings.

Additionally, Solana is expanding its ecosystem with integrations like sBTC and Play Solana’s Web3 gaming device, cementing its position as a leader in blockchain innovation.

Next in line is Cardano (ADA) at 20.82%. Cardano, a blockchain known for its focus on scalability and sustainability, has been making strides with recent updates. Key announcements include the collaboration with World Mobile to expand connectivity in underserved regions. Additionally, its Hydra scaling solution continues to improve transaction efficiency. Cardano’s commitment to innovation and global accessibility keeps it at the forefront of blockchain technology.

We rebalanced and updated the components of our 4 multi-asset funds, Grayscale Decentralized AI Fund, $DEFG , $GDLC , and Grayscale Smart Contract Platform Ex-Ethereum Fund.

Read on for our Q4 2024 updates! 🧵 pic.twitter.com/ohQPEAGGtF

— Grayscale (@Grayscale) January 8, 2025

Avalanche (AVAX) comes in third with 9.52%. Avalanche, a high-speed blockchain platform, continues to make waves with its innovative developments. Recent announcements highlight partnerships with major enterprises for Web3 adoption and the expansion of its subnet technology. This will enable custom blockchains for specific use cases. Avalanche’s focus on scalability, low fees, and eco-friendliness keeps it as a go-to platform for developers and enterprises alike.

More About Grayscale’s Smart Contract Fund

Sui (SUI), with a 7.93% weight, is a bit of a dark horse but is gaining traction for its focus on user experience and security. Sui’s blockchain is gaining attention for its focus on scalability, security, and a user-friendly experience. Built to support high-performance decentralized applications, Sui has been rolling out updates to improve developer tools and enhance transaction speed. Its latest announcements include partnerships aimed at expanding its ecosystem and integrations designed to make blockchain technology more accessible to everyday users.

As of 1/6/2025, GSCPxE’s Fund Components were a basket of the following assets and weightings.
As a result of the rebalancing, Sui $SUI has been added. $SOL $ADA $AVAX $SUI $NEAR $DOT
Important disclosures: https://t.co/kxdodVbS4S pic.twitter.com/qsmHbPG4ED

— Grayscale (@Grayscale) January 8, 2025

NEAR Protocol (NEAR) holds 3.85% and is known for its user-friendly approach, making blockchain technology accessible. It’s designed to make blockchain technology accessible to everyone, focusing on ease of use and low transaction costs. Recently, NEAR announced initiatives to enhance interoperability and expand its ecosystem , including integrations with popular platforms and updates to its sharding technology for improved network performance.

Finally, Polkadot (DOT) rounds out the fund with 2.66%. Polkadot is a blockchain platform focused on connecting multiple blockchains into a unified network, enabling seamless data and asset transfers. Its innovative parachain architecture supports scalability and interoperability. Recently, Polkadot announced new cross-chain communication upgrades and collaborations aimed at expanding its ecosystem , solidifying its position as a leader in creating a decentralized “network of networks.”

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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