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The digital asset manager left the UMA and Bancor Network Token projects, and used the proceeds to buy another altcoin
Grayscale Investments has announced the exclusion of two altcoins from the fund, which contains the tokens of DeFi projects (decentralized finance). We are talking about UMA tokens and Bancor Network Token. The company used the proceeds from the sale of altcoins to buy AMP tokens, which were added to the Grayscale DeFi fund.
The AMP token is built on the Ethereum blockchain and is used for collateral. Altcoin can provide a verifiable guarantee of the feasibility of any payment.
Grayscale explained that it has adjusted the fund in line with Coindesk’s DeFi Market Index. The company also added that they did not make any changes to the composition of the Grayscale Digital Large Cap Fund (ticker GDLC), which contains the largest cryptocurrencies in terms of capitalization.
Grayscale Investments is a digital asset management company that allows accredited US investors to purchase cryptocurrency investment products in a regulated environment through traditional marketplace instruments.
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