Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for First Quarter 2024

STAMFORD, Conn., April 04, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments, the world’s largest crypto asset manager*, and manager of Grayscale Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale DeFi Fund (OTCQB: DEFG) (DeFi Fund), and Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective first quarter 2024 reviews.

In accordance with the CoinDesk Large Cap Select Index methodology, Grayscale has adjusted GDLC’s portfolio by selling Cardano (ADA), and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Cardano (ADA) has been removed from GDLC. At the end of the day on April 3, 2024, GDLC’s Fund Components were a basket of the following assets and weightings.**

• Bitcoin (BTC), 70.96%
• Ethereum (ETH), 21.84%
• Solana (SOL), 4.52%
• XRP, 1.73%
• Avalanche (AVAX) 0.95%
  

No new tokens were added or removed from DeFi Fund. At the end of the day on April 3, 2024, DEFG’s Fund Components were a basket of the following assets and weightings.**

• Uniswap (UNI), 48.74%
• MakerDAO (MKR), 20.41%
• Lido (LDO), 13.17%
• Aave (AAVE), 9.99%
• Synthetix (SNX), 7.69%
  

In accordance with the CoinDesk Smart Contract Platform Select ex ETH Index, Grayscale has adjusted GSCPxE’s portfolio by selling Cosmos (ATOM), and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, Cosmos (ATOM) was removed from GSCPxE. At the end of the day on April 3, 2024, GSCPxE’s Fund Components were a basket of the following assets and weightings.**

• Solana (SOL), 58.41%
• Cardano (ADA), 14.56%
• Avalanche (AVAX), 12.25%
• Polkadot (DOT), 8.53%
• Polygon (MATIC), 6.25%
  

Neither GDLC, nor DEFG, nor GSCPxE Fund generate any income, and all regularly distribute Fund Components to pay for ongoing expenses. Therefore, the amount of Fund Components represented by shares of each fund gradually decreases over time.

For more information, please visit grayscale.com.

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.