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Jafrin Ahmed
Mar 23, 2022
by Jafrin Ahmed

Grayscale Launches Smart Contract Fund for Ethereum Killers

Grayscale Smart Contract Ex-Ethereum Fund
Grayscale Investments, the world’s largest digital currency asset manager has announced the launch of Grayscale Smart Contract Platform Ex-Ethereum Fund, dedicated to smart contract platforms outside of the Ethereum blockchain.

The fund, referred to as “GSCPxE,” will track the CoinDesk Smart Contract Platform Select Ex ETH Index which measures altcoin performance based on market cap and other metrics.

The tokens added to the GSCPxE fund include Cardano (ADA) at 24.6% weighting, Solana (SOL) at 24.3%, Avalanche (AVAX) at 17%, Polkadot (DOT) at 16.2%, Polygon (MATIC) at 9.7%, Algorand (ALGO) at 4.3% and Stellar (XLM) at 4.1%.

“The beauty of GSCPxE is that investors do not have to choose one winner, and instead can access the development of the smart contract platform ecosystem through a singular investment vehicle,” Grayscale CEO Michael Sonnenshein.

GSCPxE is Grayscale’s 18th investment product and third diversified fund offering and is currently open for daily subscription by eligible individuals and institutional accredited investors.

World's Largest Digital Asset Manager

Grayscale is by far the world’s largest digital asset manager with over $36 billion in assets under management as of March 22. The company's Grayscale Bitcoin Trust, also known as GBTC, is the largest offering with over $26.4 billion in assets.

Additionally, the digital currency manager also launched the Grayscale Future of Finance ETF (GFOF) with Bloomberg just last month.

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Grayscale Investments Grayscale Smart Contract Fund Grayscale Smart Contract Platform Ex-Ethereum Fund GSCPxE
Grayscale Launches Smart Contract Fund for Ethereum Killers
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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