Grayscale Launches Smart Contract Fund for Ethereum Killers

Grayscale Investments, the world’s largest digital currency asset manager has announced the launch of Grayscale Smart Contract Platform Ex-Ethereum Fund, dedicated to smart contract platforms outside of the Ethereum blockchain. The fund, referred to as “GSCPxE,” will track the CoinDesk Smart Contract Platform Select Ex ETH Index which measures altcoin performance based on market cap and other metrics. The tokens added to the GSCPxE fund include Cardano (ADA) at 24.6% weighting, Solana (SOL) at 24.3%, Avalanche (AVAX) at 17%, Polkadot (DOT) at 16.2%, Polygon (MATIC) at 9.7%, Algorand (ALGO) at 4.3% and Stellar (XLM) at 4.1%. “The beauty of GSCPxE is that investors do not have to choose one winner, and instead can access the development of the smart contract platform ecosystem through a singular investment vehicle,” Grayscale CEO Michael Sonnenshein. GSCPxE is Grayscale’s 18th investment product and third diversified fund offering and is currently open for daily subscription by eligible individuals and institutional accredited investors. World’s Largest Digital Asset Manager Grayscale is by far the world’s largest digital asset manager with over $36 billion in assets under management as of March 22. The company’s Grayscale Bitcoin Trust, also known as GBTC, is the largest offering with over $26.4 billion in assets. Here’s a snapshot of Grayscale investment products as of March 21, 2022.Visit our product tracker for daily updates...