{"id":9511,"date":"2022-03-22T16:10:03","date_gmt":"2022-03-22T16:10:03","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/grayscale-launches-smart-contract-fund-for-ethereum-competitors\/"},"modified":"2022-03-22T16:10:05","modified_gmt":"2022-03-22T16:10:05","slug":"grayscale-launches-smart-contract-fund-for-ethereum-competitors","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/grayscale-launches-smart-contract-fund-for-ethereum-competitors\/","title":{"rendered":"Grayscale launches smart contract fund for Ethereum competitors"},"content":{"rendered":"
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.\u00a0<\/p>\n
The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known by the ticker symbol GSCPxE, is the company\u2019s 18th investment product. The fund will provide exposure to seven smart contract platforms at the following weightings:<\/p>\n
Grayscale said the new fund is now open for daily subscription by accredited investors.<\/p>\n
Ethereum\u2019s dominance as the premier smart contract platform is being challenged by competitors that claim to offer superior transaction speeds, lower costs and higher throughput capacity. While Ethereum continues to dominate the decentralized application space, the DeFi industry is becoming a more level playing field. Currently, Ethereum accounts for just over 55.4% of the total value locked on DeFi protocols, down from over 96% in January 2021, according to DeFi Llama.<\/p>\n