Grayscale Digital Large Cap Fund: Does not involve meme currency investment
Grayscale Digital Large Cap Fund is one of the first large-cap investment funds to focus on digital assets. It was established as early as February 2018. It aims to hold a basket of large-capitalization, highly liquid, and meet specific trading and custody standards. Digital assets create value for investors. To date, the fund has $490 million in assets under management.
The fund invests primarily in Bitcoin at 75%, followed by Ethereum at 17.9%. In addition, Solana, Ripple and AVAX also accounted for 4.13%, 1.86% and 0.65% respectively.
It is worth noting that although Grayscale Fund selects assets in a market value-weighted manner, according to the quotations from Coindesk, its data source, there are still some currencies with higher market value that have not been included, such as BNB, DOGE, TRON, TON, ADA and SHIB etc. Judging from the fund's currency selection strategy, meme coins such as DOGE and SHIB are not considered due to their lack of stable intrinsic value. As for BNB, TRON, and TON, there may be potential regulatory risks associated with them (although Ripple has similar issues). The reason why ADA was not included is unclear and may involve factors other than market capitalization and liquidity.