Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE)
By IftikharPost – March 23, 2022 at 12:00 AEST.
  • The Fund provides access in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly.
  • Top 5 token consists of Cardano ($ADA), Solana ($SOL), Avalanche ($AVAX),Polkadot ($DOT) & Polygon ($MATIC) .

Follow me on Twitter to get an breaking news alerts for Crypto: https://twitter.com/iftikharpost

Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE) launches Smart Contract Fund
Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE)

Grayscale Investments®, the world’s largest digital currency asset manager, today announced the launch of Grayscale® Smart Contract Platform Ex-Ethereum Fund (“GSCPxE” or the “Fund”), Grayscale’s 18th investment product and third diversified fund offering.

The Fund’s constituents are stored in offline or “cold” storage with Coinbase Custody Trust Company, a fiduciary under 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940.

Further, it is Eligible for tax-advantaged accounts as Shares are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Davis Polk & Wardwell LLP serves as legal counsel to the Manager of Grayscale Smart Contract Platform Ex-Ethereum Fund. Financial statements for Grayscale Smart Contract Platform Ex-Ethereum Fund are audited annually by Friedman LLP.

As of inception on 3/16, #GSCPxE’s holdings were:

#Cardano $ADA, 24.63%
#Solana $SOL, 24.27%
#Avalanche $AVAX, 16.96%
#Polkadot $DOT, 16.16%
#Polygon $MATIC, 9.65%
#Algorand $ALGO, 4.27%
#Stellar $XLM, 4.06%

Holdings are subject to change.

“Many investors allocated to ETH given its explosive growth over the past year, so now there is demand to get exposure across the rest of the Smart Contract Platform sector,” 

Jodie Gunzberg, CFA, Managing Director

About Grayscale Investments®
Grayscale enables investors to access the digital economy through a family of secure, compliant, and future-forward investment products. Founded in 2013, Grayscale has a proven track record and unrivaled expertise as the world’s largest digital currency asset manager. Investors, advisors, and allocators turn to Grayscale’s private placements, public quotations, and ETFs for single asset, diversified, and thematic exposure. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered) or Foreside Fund Services, LLC. For more information, please follow @Grayscale or visit grayscale.com.

Keep Tuned for more update soon.

iftikharpost

View all posts