After its latest downtrend, there is now more bad news for MATIC after its latest exclusion from this Grayscale fund. Here's what it means...
Grayscale Investments has announced adjustments to its fund components after Q2 of 2024. Grayscale Investments is the largest crypto assets manager in the world and controls various components, including GSCPxE, OTCOX: GDLC, and OTCQB: DEFG. After the second quarter review, they have updated fund component weights for every product.
On the contrary, trading volume fell by 39.74% to $292 million over the last 24 hours. This, on the back of the altcoin’s weekly price decline too.Equally, AMBCrypto’s analysis revealed that MATIC has been at the receiving end of a strong bearish trend.
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