Grayscale Investments, a leading asset management company, has updated the investment portfolios of 4 of its Crypto investment funds.
These changes were made to the Grayscale Decentralized AI Fund (AI Fund), Grayscale Decentralized Finance Fund (DeFi Fund), Grayscale Digital Large Cap Fund (GDLC Fund), and Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund).
Grayscale Rebalances Investment Portfolios
According to Grayscale, these updates reflect the company's assessments in Q4/2024.
Grayscale stated in a tweet on 09/01:
We have rebalanced and updated the components of our 4 multi-asset funds, Grayscale Decentralized AI Fund, DEFG, GDLC, and Grayscale Smart Contract Platform Ex-Ethereum Fund.
This adjustment is significant as the community often views Grayscale's funds as a benchmark to build their investment portfolios.
For the AI Fund, Grayscale rebalanced the portfolio by selling existing assets and using the proceeds to purchase Livepeer and some other cryptocurrencies. This adjustment adds LPT to the portfolio, including NEAR Protocol, Render, Bittensor, Filecoin, and The Graph.
Similarly, Grayscale's DeFi Fund has also been rebalanced, with Synthetix being sold and Curve being added. The updated portfolio now includes assets such as Uniswap, Aave, Lido, MakerDAO, and Curve. Uniswap accounts for approximately 47.88% of the fund, while Curve accounts for 6.71%.
The Digital Large Cap Fund (GDLC) has also seen changes. Grayscale has sold Avalanche and used the proceeds to purchase Cardano. The fund now holds Bitcoin, Ethereum, Solana, XRP, and Cardano. Bitcoin makes up the majority of the fund, with a 73.52% allocation, while Cardano accounts for only 1.44% of the fund.
Finally, the GSCPxE Fund has also been rebalanced, with SUI being added to replace some of the existing cryptocurrencies. The new structure includes Solana, Cardano, Avalanche, Sui, NEAR Protocol, and Polkadot.
Grayscale stated that these adjustments are made to ensure the funds remain aligned with their strategy. Depending on the assessment results, changes are made quarterly. However, the company further noted that these funds do not generate any income.
Grayscale added:
None of the funds in the AI Fund, DEFG, GDLC, or GSCPxE Fund generate any income, and all regularly distribute fund components to pay for ongoing expenses. As a result, the number of fund components represented by each fund's shares declines over time.
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