Grayscale added Solana’s namesake token and the decentralized finance token Uniswap to its large-cap crypto fund for the first time Friday.
The company, a subsidiary of CoinDesk parent Digital Currency Group, said in a statement that its $494 million Digital Large Cap Fund closed Friday with a 3.24% SOL position.
It “is the first time Solana (SOL) will be included in a Grayscale investment vehicle,” the statement said. It called the move part of a quarterly rebalancing.
SOL is now the fourth-largest holding of a fund dominated by bitcoin. It gave back some gains late Friday but remained near session highs – a tick south of $160.
The Fund also added decentralized exchange Uniswap’s native token UNI. The token will make up around 1% of the overall fund.