Grayscale Investments has made significant changes to its Digital Large Cap Fund, increasing the combined allocations for Bitcoin and Ethereum to 90%. Bitcoin now represents 73.52% of the portfolio, while Ethereum accounts for 16.16%. Grayscale has removed Avalanche from the fund and added Cardano with a 1.44% allocation. Cardano has experienced a 75% price surge over the past year.

In addition to Bitcoin and Ethereum, the fund also includes XRP and Solana, which hold positions of 5.05% and 3.83%, respectively. Grayscale has recently rebalanced its portfolio to align with the CoinDesk Large Cap Select Index methodology. As part of this rebalancing, Cardano was introduced with a 1.44% allocation. Meanwhile, the Decentralized AI Fund has added Livepeer at 2.83%, and the Decentralized Finance Fund has introduced Curve at 6.71%. The Smart Contract Platform Ex-Ethereum Fund now includes Sui with a 7.93% allocation, while Solana and Cardano together represent over 75% of that fund.

Grayscale is actively seeking regulatory approval to convert its large cap fund and other products into exchange-traded funds (ETFs). The appointment of Paul Atkins as SEC Chair has raised expectations for new ETF approvals, potentially including assets like Solana, XRP, Litecoin, and HBAR.