Cryptocurrency investment manager Grayscale is launching a fund focused on smart contract platforms for anyone looking to bet on Ethereum’s competitors. considered by the manager.
Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE)
Grayscale is a large company with a reputation and a good reputation in the market, founded in 2013 and current leader in the segment of financial products focused on cryptocurrencies. of the industry-leading blockchain, proving very optimistic about Web3 and the metaverse.Know more: Grayscale Reveals $1 Trillion Opportunity in MetaverseThey already offer some individual related products such as:Grayscale Chainlink TrustGrayscale Solana TrustGrayscale Decentraland TrustAmong others. and other network protocols), but now they are meeting a new demand that has been gaining strength since the beginning of 2021, which is the emergence of great competitors for ETH. forgetfulness. Each of these projects has been investing heavily in its own ecosystems, with incentive programs, investment rounds, and the growth of each of them is remarkable. in these lower marketcap altcoins, with good risk benefit. GSCPxE can help those who like to venture out with expertly managed funds.
Composition of the GSCPxE Fund
According to the announcement, the new investment product tracks the index CoinDesk Smart Contract Platform Select Ex ETHmeasuring the market capitalization weighted performance of all major smart contract currencies, excluding the Ethereum (ETH). The fund is currently composed of cardano (ADA), with 24.63%, Solana (SOL) with 24.27%, Avalanche (AVAX) with 16.96%, polkadot (DOT) with 16.16%, polygon (MATIC) with 9.65%, Algorand (SOMETHING) with 4.27% and stellar (XLM) at 4.06%.“Smart contract technology is critical to the growth of the digital economy, but it is still too early to know which platform will win – from attracting and retaining the most vibrant developer communities to ensuring that the platform be high-speed, flexible and scalable.” – Grayscale CEO Michael Sonnenshein said. “The beauty of the GSCPxE is that investors do not have to pick a winner and instead can access the development of the smart contract platform ecosystem through a single investment vehicle. ”Read more: NovaDAX is full of news! One of the largest cryptocurrency exchanges in Brazil has now ZERO withdrawal fees in real! NovaDAX also counts zero fees for Bitcoin transactions and more than 110 listed currencies, with cash withdrawal available and high liquidity. Cryptocurrencies with the best rates on the market! Simply activate the free Novawards program and enjoy reduced rates of up to 75%. Discover the NovaDAX Card and order yours now.