Ramazan Eles 
Grayscale Investments, one of the world’s largest digital currency asset managers, has delisted Polygon (MATIC) from its Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund).
The delisting of MATIC from the GSCPxE Fund took effect in the second quarter of 2024. This decision comes as part of Grayscale’s periodic rebalancing of its investment portfolio across its various funds.
It’s important to note that this delisting is specific to the GSCPxE Fund and does not affect MATIC’s presence in Grayscale’s other cryptocurrency funds. Polygon (MATIC) remains a holding in the Grayscale Digital Large Cap Fund (GDLC) and the Grayscale DeFi Fund (DEFG).
Following the removal of MATIC, the GSCPxE Fund will continue to hold other smart contract platform tokens, including Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT).
While Grayscale has not officially disclosed the specific reasons behind MATIC’s delisting from the GSCPxE Fund, some analysts speculate that it could be related to the ongoing regulatory scrutiny surrounding the cryptocurrency. The US Securities and Exchange Commission (SEC) has previously classified MATIC as a security in certain legal proceedings.
The delisting news has had a mixed impact on MATIC’s price in the short term. While MATIC experienced an 11% surge in the 24 hours preceding the delisting announcement, its price has since stabilized around $0.477 as of the time of writing.
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