- Grayscale Digital Large Cap Fund has added Polkadot and Avalanche as part of the quarterly rebalancing.
- AVAX, DOT and ATOM have joined Bitcoin, Ethereum and six other tokens in Grayscale's $480 million Digital Large Cap Fund.
- Proponents believe DOT, AVAX and ATOM prices could rally in response to the rising institutional demand.
Grayscale Investments has rebalanced its portfolio to include Polkadot, Avalanche and Atom, among other digital assets in its $480 million Digital Large Cap Fund. Proponents believe the asset manager's move indicates rising institutional demand for DOT, AVAX and ATOM.
Avalanche, Polkadot and Atom ready to breakout
Grayscale, a leader in digital currency investing, performs a quarterly balancing of its portfolio. The giant decided to add Polkadot (DOT), Avalanche (AVAX) and Atom (ATOM) to its Digital Large Cap Fund.
The addition of DOT, AVAX and ATOM to the crypto investment giant's $480 million fund indicates rising institutional demand for cryptocurrencies. Grayscale added ATOM to its smart contract platform ex-Ethereum fund.
NEW: As part of our quarterly rebalancing, $DOT and $AVAX have been added to Grayscale Digital Large Cap Fund, and $ATOM has been added to Grayscale Smart Contract Platform ex-Ethereum Fund.$GDLC #GSCPXE@Blockworks_ has the exclusive with details: https://t.co/uVjYreOhRA
— Grayscale (@Grayscale) April 6, 2022