Grayscale Releases Smart Contract Platform Fund

On Tuesday, Grayscale Investments, the world’s largest digital asset manager, announced the official launch of Grayscale smart Contract Platform Ex-Ethereum Fund, or GSCPxE.

The offering becomes its eighteenth investment product within the portfolio of diversified funds. According to the firm, GSCPxE provides investors with exposure to a selection of Smart Contract Smart Contract A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist Read this Term Platforms through a market-capitalization-weighted portfolio designed to track the CoinDesk Smart Contract Platform Select Ex ETH Index.

“Investor demand for diversified exposure has grown in parallel to the ongoing evolution of the crypto ecosystem,” Michael Sonnenshein, the CEO of Grayscale Investments, commented. He added: “Smart contract technology is critical to the growth of the digital economy, but it’s still too early to know which platform will win: from attracting and retaining the most vibrant developer communities to ensuring the platform is high-speed, flexible, and scalable. The beauty of GSCPxE is that investors do not have to choose one winner and instead can access the development of the smart contract platform ecosystem through a singular investment vehicle.”

Current Portfolio

So far, the fund consisted of the following assets: Cardano (ADA), 24.63%; Solana (SOL), 24.27%; Avalanche (AVAX), 16.96%; Polkadot (DOT), 16.16%; Polygon (MATIC), 9.65%; Algorand (ALGO), 4.27% and Stellar (XLM), 4.06%.

Individuals and institutions with accredited investor status can now subscribe daily to the Fund. “The CoinDesk Smart Contract Platform Select Ex ETH Index is designed to measure the market-capitalization-weighted performance of the largest and most liquid digital assets, excluding ETH, that meet certain trading and custody requirements, and are classified in the Smart Contract Platform sector defined by CoinDesk Digital Asset Classification Standard (DACS),” Jodie Gunzberg, the CFA and Managing Director of CoinDesk Indices, pointed out.

In February, the US Securities and Exchange Commission (SEC) delayed Grayscale’s proposed ETF, a spot bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange-traded fund. In a statement released, the SEC is concerned about how Grayscale will fend off the manipulation and fraud.