The assets of seven smart contract platforms have been included in the fund: ADA, SOL, AVAX, DOT, MATIC, ALGO and XLM.
Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks. The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known by the ticker symbol GSCPxE, is the company’s 18th investment product. The fund will provide exposure to seven smart contract platforms at the following weightings: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%Grayscale said the new fund is now open for daily subscription by accredited investors.Ethereum’s dominance as the premier smart contract platform is being challenged by competitors that claim to offer superior tra
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