• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Grayscale sets up an investment fund for blockchain tasks to substitute Ethereum

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Grayscale Investments, a properly-identified American cryptocurrency investment company, stated it has developed a new products committed to different Ethereum blockchains.

Grayscale sets up an investment fund for blockchain tasks to substitute Ethereum

On the evening of March 22. Grayscale announces the launch of the “Smart Contract Platform ex Ethereum Fund” (GSCPxE), which presents traders publicity to Tier one blockchains developed to challenge Ethereum’s dominance.

Related articles

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023
Blast's operating model faces opposition from the Paradigm investment fund itself

Blast’s working model faces opposition from the Paradigm investment fund itself

November 27, 2023

Specifically, the GSCPxE fund will incorporate the following coins with their respective weights: Cardano (ADA) – 24.six%, Solana (SOL) – 24.three%, Avalanche (AVAX) – 17%, Polkadot (DOT)) – sixteen , two%, Polygon (MATIC) – 9.seven%, Algorand (ALGO) – four.three% and Stellar (XLM) – four.one%.

These are all coins that have been previously integrated in his wallet by Grayscale and no new names seem.

🧵 Starting from sixteen/03, #GSCPxEthe holdings of have been: #Cardano $ ADA24.63%#Solana $ SOL24.27%#Avalanche $ AVAXsixteen.96%#A pois $ POINTsixteen.sixteen%#Polygon $ MATIC9.65%#Algorand $ ALGOfour.27%#Stellar $ XLMfour.06%

Participations are topic to modify. To know much more: https://t.co/hYqzyDGpvv pic.twitter.com/MbASMXZ8hy

– Grayscale (@ Grayscale) March 22, 2022

Grayscale CEO Michael Sonnenshein stated the strategy behind the former Ethereum Fund’s Smart Contract Platform is to give traders entry to a number of tasks as a substitute of assuming that only 1 platform will turn into the “king of DeFi.”

“Smart contract technology will be the key to the development of the digital economy, but it is still too early to know which name will win, from attracting and retaining communities to more dynamic development, to ensuring that the platform always remains ad high speed, flexible and easy to climb. “

GSCPxE will be the 17th investment products supplied by Grayscale on the marketplace and the 3rd hybrid investment fund right after the Digital Large Cap Fund and the DeFi Fund. As of March 21, the complete worth of the cryptocurrencies Grayscale holds by means of these money is in excess of $ 36.eight billion, with the vast majority even now in Bitcoin.

Here is a snapshot of grayscale investment merchandise as of March 21, 2022.
Visit our Product Tracker for day-to-day updates: https://t.co/XOE44lKFHm$ AAVE $ ADA $ AMP $ BTC $ BAT $ BCH $ COMP $ CRV $ ETH $ ETC $ FIL $ LINK $ LPT $ LTC $ MANA $ MKR $ SNX $ SOL $ SUshi $ UNI $ XLM $ YFI $ ZEC $ ZEN pic.twitter.com/Nal3Qg5Mm7

– Grayscale (@ Grayscale) March 21, 2022

As reported by Coinlive, Grayscale is persuading the SEC to make it possible for it to transform all of its investment merchandise into ETFs.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BlockchainEthereumfundGrayscaleInvestmentprojectsReplaceSets
Share76Tweet48

Related Posts

Coinbase Acknowledges TaskUs Data Breach Four Months Later

by shark
June 3, 2025
0

Coinbase discloses a data breach involving TaskUs employees in India, impacting financial markets and raising security concerns.

Bitcoin Faces Volatility After 8% Correction and Leverage Flush

by shark
June 3, 2025
0

Bitcoin correction triggers market volatility. Key figures and global factors influence derivatives and risk assets.

Classover Raises $500M for Solana-Centric Treasury Strategy

by shark
June 3, 2025
0

Classover Holdings signs a funding agreement with Solana, highlighting a major move in integrating blockchain finance into corporate strategies.

Aptos Labs CEO to Testify on Digital Assets

by shark
June 3, 2025
0

Aptos Labs CEO Avery Ching to testify at U.S. House hearing on digital assets, signaling significant regulatory insight.

Ethereum Foundation Restructures for Enhanced Network Scaling

by shark
June 3, 2025
0

Ethereum Foundation reorganizes to prioritize scaling, blobs, and UX enhancements amid market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Arbitrum Up 7.7%, Toncoin Hits $3.21, But Could Qubetics Be the Real Top Altcoin for Huge Gains?
  • Shiba Inu & Monero Show Weakness, Analysts Favor Web3 ai for its 500x Upside Ahead
  • Unstaked Nears $10M, Uniswap Surges & XRP Slows Down
  • Qubetics, Aptos, and Toncoin Set 2025 Ablaze as Top Cryptos to Invest in Today
  • BlockDAG Hits $282M, $0.0018 Entry Open Until June 13
  • Powell’s Inflation Comments Stir Uncertainty—Yet Qubetics, Algorand, and Filecoin Remain the Top Coins to Join Today
  • Coinbase Acknowledges TaskUs Data Breach Four Months Later
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu Updates: Top Meme Coins to Invest in This Week
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7