DeFi

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund,

Published

7 months ago

6 July, 2024

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund,

STAMFORD, Conn., July 05, 2024 (GLOBE NEWSWIRE) — Grayscale® Investmentsthe world’s largest crypto asset manager*, and manager of the Grayscale® Digital Large Cap Fund (OTCQX:GDLC) (Large Cap Digital Fund), Grayscale® DeFi Fund (OTCQB:DEFG) (DeFi Fund) and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced updated fund component weightings for each product as part of their respective Q2 2024 reviews.

No new tokens were added or removed from GDLC. As of end of day July 3, 2024, the GDLC fund constituents were a basket of the following assets and weightings.*

Bitcoin (BTC), 70.46%
Ethereum (ETH), 23.51%
Solana (SOL), 3.86%
XRP, 1.54%
Avalanche (AVAX), 0.63%

No new tokens were added or removed from DEFG. As of end of day July 3, 2024, the DEFG fund’s constituents were a basket of the following assets and weightings.**

Uniswap (UNI), 53.75%
MakerDAO (MKR), 17.94%
Lido (LDO), 12.68%
Aave (AAVE), 10.58%
Synthetix (SNX), 5.05%

In line with the CoinDesk Smart Contract Platform Select ex ETH Index, Grayscale adjusted the GSCPxE Fund portfolio by selling Polygon (MATIC) and using the proceeds to purchase existing fund constituents in proportion to their respective weightings. As a result of the rebalancing, Polygon (MATIC) was removed from the GSCPxE Fund. As of end of day on July 3, 2024, the GSCPxE Fund constituents were a basket of the following assets and weightings.**

Solana (SOL), 65.80%
Cardano (ADA), 14.67%
Avalanche (AVAX), 10.70%
Polkadot (DOT), 8.83%

Neither GDLC, DEFG, nor GSCPxE Fund generates income and all distribute fund components regularly to pay for current expenses. As a result, the amount of fund components represented by shares of each fund gradually declines over time.

For more information, please visit grayscale.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be unlawful, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

*Largest in terms of assets under management as of July 3, 2024

**The compositions of the GDLC, DEFG and GSCPxE Funds are evaluated on a quarterly basis to remove existing Fund components or to include new Fund components, in accordance with the index methodologies established by the index provider. The holdings and weightings of each Fund are subject to change. Investors cannot invest directly in an index.

About Grayscale® Digital Large Cap Fund
The Digital Large Cap Fund seeks to provide investors with exposure to large-cap coverage of the digital asset market through a market-cap-weighted portfolio designed to track the CoinDesk Large Cap Select Index. The Digital Large Cap Fund holds the largest and most liquid digital assets that meet certain trading and custody requirements and are classified under the CoinDesk Digital Asset Classification Standard (DACS); the weightings of each fund constituent change daily and are published approximately 4:00 p.m. New York time. Additional information about the index methodology can be found at: https://www.coindesk.com/indices/dlcs/.

The investment objective of the Digital Large Cap Fund is for its shares to reflect the value of the fund components held by the Digital Large Cap Fund, less its expenses and other liabilities. To date, the Digital Large Cap Fund has not achieved its investment objective and the shares listed on OTCQX have not reflected the value of the fund components held by the Digital Large Cap Fund, less its expenses and other liabilities, but instead have traded at both premiums and discounts to that value, with variations that have sometimes been substantial.

About Grayscale® DeFi Fund
The DeFi Fund seeks to provide investors with exposure to a selection of industry-leading decentralized finance platforms through a market-cap-weighted portfolio designed to track the CoinDesk DeFi Select Index. The DeFi Fund holds the largest and most liquid digital assets that meet certain trading and custody requirements and are categorized within the DeFi sector as defined by the CoinDesk Digital Asset Classification Standard (DACS); the weightings of each fund component change daily and are published approximately 4:00 p.m. New York time. Additional information on the CoinDesk DeFi Select Index methodology can be found at: https://www.coindesk.com/indices/dfx/.

The investment objective of the DeFi Fund is for its shares to reflect the value of the fund components held by the DeFi Fund, less its expenses and other liabilities. To date, the DeFi Fund has not achieved its investment objective and the shares listed on the OTCQB have not reflected the value of the fund components held by the DeFi Fund, less the DeFi Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to that value, with variations that have sometimes been substantial.

About Grayscale® Ex-Ethereum Fund Smart Contract Platform
The GSCPxE Fund seeks to provide investors with exposure to a selection of industry-leading smart contract platforms through a market-cap-weighted portfolio designed to track the CoinDesk Smart Contract Platform Select Ex ETH Index. The GSCPxE Fund holds the largest and most liquid digital assets, excluding ETH, that meet certain trading and custody requirements and are classified within the smart contract platform sector as defined by the CoinDesk Digital Asset Classification Standard (DACS); the weightings of each fund constituent change daily and are published approximately 4:00 p.m. New York time. Additional information about the CoinDesk Smart Contract Platform Select Ex ETH Index methodology is available at: https://www.coindesk.com/indices/scpxx/.

Grayscale intends to attempt to list the shares of this new product on a secondary market. However, there can be no assurance that such an attempt will be successful. Although shares of certain products have been approved for trading on a secondary market, investors in this product should not assume that the shares will ever obtain such approval due to a variety of factors, including questions that regulators such as the SEC, FINRA or other regulatory agencies may have regarding the product. Accordingly, shareholders of this product should be prepared to bear the risk of investing in the shares indefinitely.

About Grayscale Investments®
Grayscale connects investors to the digital economy through a suite of forward-thinking investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as the world’s largest crypto asset manager. Investors, advisors and allocators turn to Grayscale’s private placements, public offerings and ETPs for single-asset, diversified and thematic exposure. Grayscale products are distributed by Grayscale Securities, LLC (member FINRA/SIPC).

Media Contact
Jennifer Rosenthal
press@grayscale.com

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Related Topics:Grayscale Investments Other OTC: ETCG

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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