Ah, dear audience! Gather ’round as we unveil the latest antics of the illustrious Grayscale Investments, who, in their infinite wisdom, have decided to expand their Smart Contract Fund with a veritable cornucopia of cryptocurrencies! 🎭
Behold! The fund now boasts a delightful assortment of digital coins, including the ever-popular Ethereum, which, as we know, is the darling of the crypto ball:
Ethereum ETH is currently prancing about at a price of $2,220, with a 24-hour volatility of 2.3% and a market cap that would make even the wealthiest noble blush, standing at $266.86 B. The volume for the day? A staggering $38.96 B! 💸
Next, we have the sprightly Solana, SOL, dancing at $146.8, with a volatility of 6.9% and a market cap of $72.84 B. The volume? A mere $8.69 B—how quaint! 🕺
And let us not forget the charming Cardano, ADA, who is currently lounging at $0.63, with a volatility of 1.1% and a market cap of $22.67 B. The volume? A modest $1.14 B. How delightful! 🎩
Then there’s Avalanche, AVAX, who has taken a tumble to $22.09, with a volatility of 1.2% and a market cap of $9.12 B. The volume? A paltry $774.38 M. Oh, the drama! 🎢
Next in line is the enigmatic Sui, SUI, at a price of $2.84, with a volatility of 1.5% and a market cap of $8.78 B. The volume? A mere $1.44 B. Such mystery! 🕵️♂️
We also have Near, NEAR, who is peeking out at $3.09, with a volatility of 1.4% and a market cap of $3.66 B. The volume? A modest $296.36 M. How quaint! 🏰
And finally, the ever-ambitious Polkadot, DOT, at $4.71, with a volatility of 3.2% and a market cap of $7.16 B. The volume? A mere $413.02 M. What a spectacle! 🎉
But lo! This Grayscale Smart Contract Fund is not for the faint of heart; it is only available to those noble accredited investors who dare to tread in these waters!
Understanding the Grayscale Smart Contract Fund
Ah, the design of this fund is as intricate as a fine tapestry! Market-weighted and subject to quarterly rebalancing, it is capped at 30% for each token, ensuring that no single coin can reign supreme. A true democratic endeavor! 🎭
Grayscale Smart Contract Fund now includes Ethereum, Solana, Cardano, Avalanche, Sui, Near, and Polkadot. The Fund, which rebalances quarterly, is market cap-weighted and subject to a 30% cap upon each rebalance. #ethereum $SOL $ADA $AVAX $SUI $NEAR $DOT
Available to eligible…
— Grayscale (@Grayscale) February 28, 2025
Grayscale, in their grandiloquent fashion, describes this Fund as “one of the first investment vehicles solely invested in and deriving value from the price of native tokens of emerging smart contract platforms.” A mouthful, indeed! 🍽️
These Funds hold shares that reflect the fund’s assets, yet the asset manager retains the right to add or remove any asset as they see fit
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