Skip to content Skip to sidebar Skip to footer
Cardano (ADA) currently makes up most of Grayscale’s Smart Contract Platform Ex-Ethereum Fund, despite suffering less severe price declines than other crypto assets in May. (GSCPxE).

The Grayscale Smart Contract Platform Ex-Ethereum Fund intends to give investors a safe way to invest in native tokens of emerging smart contract platforms other than Ethereum (ETH).

Cardano was weighted at 24.63 percent of the portfolio when the investing giant originally launched the smart contract fund in March, roughly comparable to Solana (SOL) at 24.27 percent.

Platform for smart contracts Cardano now accounts for 34.54 percent of the fund, while Solana’s share has fallen to 20.37 percent. Cardano is trading at roughly 1% higher than it was 30 days ago, while Solana is down more than 40% in the same period.

Other smart contract platforms have also lost ground in the fund: in March, Avalanche (AVAX) accounted for 16.96 percent of the portfolio but now only accounts for 9.95 percent. Likewise, polygon (MATIC) used to constitute 9.65 percent of the market but now only represents 7.29 percent.

Avalanche has lost roughly 43% of its value in the last 30 days, while Polygon has lost more than 30%.

Cosmos (ATOM), a decentralized alternative blockchain network, has also been added to Grayscale’s fund. Cosmos now accounts for 3.97 percent of the portfolio’s value.

Grayscale’s third diversified fund, GSCPxE, is the company’s 18th investment product. Its goal is to expose investors to the most popular smart contract coins, excluding Ethereum (ETH).

Show CommentsClose Comments

Leave a comment

The leader in blockchain news, Cryptowatchlists is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Cryptowatchlists is an independent online newspaper, which concentrate in cryptocurrencies and blockchain startups.
Our Biggest Stories Delivered to Your Inbox