Grayscale, one of the world's largest fund managers, has made a new regulation in its funds.
Accordingly, Grayscale announced that it removed Polygon (MATIC) from the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) in the second quarter of 2024.
Accordingly, Grayscale rebalanced its three funds in the second quarter of this year.
While Polygon (MATIC) was removed from the GSCPxE Fund, no tokens were added or removed from the other two funds, namely Grayscale Digital Large Cap Fund (GDLC) and Grayscale DeFi Fund (DEFG).
While MATIC will be removed from the GSCPxE Fund, Solana (SOL), Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT) will continue to be included in the fund.
As it is known, the US Securities and Exchange Commission (SEC) described MATIC as a security in various lawsuits filed.
MATIC, which has increased by 11% in the last 24 hours, continues to be traded at $ 0.477 at the time of writing.
*This is not investment advice.
