The Indian stock market remained sideways, with the Nifty 50 index closing at 23,549, down 139 points, while the BSE Sensex fell 528 points. Sumeet Bagadia from Choice Broking suggests a stock-specific approach amid quarterly results, indicating a potential bullish trend if the Nifty breaks above 23,800. He advises looking for breakout stocks for intraday trading, as the market shows crucial support at 23,500.
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0 in Finance and 0 in Crypto last weekGrayscale Increases Bitcoin and Ethereum Allocations in Digital Large Cap Fund
Grayscale has rebalanced its Digital Large Cap Fund, increasing Bitcoin and Ethereum allocations to a combined 90%, with Bitcoin at 73.52% and Ethereum at 16.16%. Cardano was added with a 1.44% allocation following a 75% price surge, while Avalanche was removed. The firm is pursuing regulatory approval to convert its fund into an exchange-traded fund, amid expectations for more crypto-friendly policies with a leadership change at the SEC.
about Grayscale Increases Bitcoin and Ethereum Allocations in Digital Large Cap FundGrayscale Rebalances Funds Increasing Bitcoin and Ethereum Allocations
Grayscale Investments has restructured its Digital Large Cap Fund, allocating 90% to Bitcoin and Ethereum while replacing Avalanche with Cardano, which has seen a 75% price increase over the past year. Additionally, the GSCPxE Fund now includes Sui, while the AI Fund diversifies across various crypto projects. Grayscale is also seeking to convert its Solana Trust into a spot ETF on NYSE Arca to enhance investor access.
about Grayscale Rebalances Funds Increasing Bitcoin and Ethereum Allocations