Grayscale, a prominent global asset manager, has implemented a significant change within its investment portfolios. Specifically, in the second quarter of 2024, Grayscale opted to exclude Polygon (MATIC) from its Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). This decision marks a strategic rebalancing across its fund offerings this year.
While MATIC has been removed from the GSCPxE Fund, Grayscale has maintained the composition of its other two funds: the Grayscale Digital Large Cap Fund (GDLC) and the Grayscale DeFi Fund (DEFG), with no additions or removals reported.
Despite regulatory challenges, including categorization as a security by the US Securities and Exchange Commission (SEC) in ongoing legal proceedings, MATIC has demonstrated resilience. Over the past 24 hours, MATIC has surged by 11%, reaching a trading price of $0.477 at the time of this report.
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