Grayscale Investments has completed regular asset rebalancing in its DeFi, Smart Contract, and Decentralized AI funds. The changes took effect after trading ended on July 3.
Updates in the DeFi Fund
The DeFi fund added a new active asset called ONDO, which now accounts for 18.22% of the portfolio. To finance its purchase, Grayscale trimmed portions of existing assets. Attention remains focused on Uniswap and Aave, which make up 34.01% and 30.74% respectively, while other assets are allocated to MakerDAO, Curve, and Lido.
Changes in the Smart Contract Fund
In the Smart Contract fund, Polkadot has been removed and replaced with Hedera. Grayscale also sold some of its existing assets to finance the purchase of HBAR and rebalance other holdings. Ethereum and Solana remain the two largest assets with shares of just over 30% each, and the updated portfolio also includes Cardano, Sui, and Avalanche.
Strategy of the Decentralized AI Fund
In this quarter, the Decentralized AI fund did not add or remove any new tokens, but Grayscale adjusted the sizes of each holding to adhere to the fund's strategy. Bittensor and NEAR Protocol now comprise the largest share, followed by Render, Filecoin, and The Graph.
The changes in Grayscale Investments’ funds aim to maintain the relevance of portfolios and provide investors access to various sectors of the cryptocurrency market. Periodic asset adjustments keep pace with market dynamics.
