Grayscale Investments, a major asset management firm specializing in cryptocurrency, recently updated its multi-asset funds following a review of Q4 2024. These updates affect several important funds, including those centered on AI, DeFi, and smart contract platforms.
These changes matter because many investors rely on Grayscale’s funds as a reference when creating their own investment portfolios.
Grayscale Adds Livepeer (LPT) to Decentralized AI Fund
Grayscale recently announced a major update to its Decentralized AI Fund. The company sold some of its existing assets to include Livepeer (LPT) in the portfolio. The updated fund allocation is as follows:
- Livepeer (LPT): 2.83%
- The Graph (GRT): 10.45%
- Filecoin (FIL): 17.18%
- Bittensor (TAO): 19.03%
- Render (RENDER): 20.58%
- NEAR Protocol (NEAR): 29.93%
We 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.
Read on for our Q4 2024 updates! 🧵 pic.twitter.com/ohQPEAGGtF
— Grayscale (@Grayscale) January 8, 2025
Grayscale Adds Curve (CRV) to DeFi Fund
Grayscale has also updated its Decentralized Finance Fund (DeFi Fund) by selling some of its holdings in Synthetix (SNX) to purchase Curve (CRV) tokens. This move highlights Grayscale’s confidence in Curve’s growth and potential within the DeFi sector.
The revised fund allocation is now as follows:
- Curve (CRV): 6.71%
- MakerDAO (MKR): 7.79%
- Lido (LDO): 9.75%
- Aave (AAVE): 27.87%
- Uniswap (UNI): 47.88%
Grayscale Updates GSCPxE and GDLC Funds
Grayscale has made adjustments to its Smart Contract Platform Ex-Ethereum Fund (GSCPxE) by selling off some assets and investing in Sui (SUI), a newer blockchain project. The updated fund allocation is as follows:
- Polkadot (DOT): 2.66%
- NEAR Protocol (NEAR): 3.85%
- Sui (SUI): 7.93%
- Avalanche (AVAX): 9.52%
- Cardano (ADA): 20.82%
- Solana (SOL): 55.22%
Additionally, Grayscale made a small adjustment to its Digital Large Cap Fund (GDLC) by selling its holdings in Avalanche (AVAX) to increase its position in Cardano (ADA). The revised allocation for the GDLC is as follows:
- Cardano (ADA): 1.44%
- Solana (SOL): 3.83%
- XRP: 5.05%
- Ether (ETH): 16.16%
- Bitcoin (BTC): 73.52%
Also Read: MicroStrategy Increases Bitcoin Holdings to 447,470 BTC
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