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Cryptopolitan
2025-01-09 05:28:39

Grayscale rebalances portfolios for AI, DeFi, and Smart Contract Funds

Grayscale Investment, a major asset management firm with a focus on crypto products, has rebalanced most of its multi-asset funds after Q4 2024 reviews. The changes impact the Grayscale Decentralized AI Fund (AI Fund), the Grayscale Decentralized Finance Fund (DeFi Fund) (OTCQB: DEFG), and the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). The asset management firm has always rebalanced its portfolio to align with realities within the crypto space. The move always captions the trends within the crypto market. Grayscale adds Livepeer to AI fund portfolio, rebalancing existing components Grayscale adjusted the AI Fund portfolio by adding Livepeer (LPT) and rebalancing the existing components based on their respective weightings. This move underscores LPT’s significant potential within a decentralized AI ecosystem. Livepeer is a decentralized video streaming network that uses blockchain technology to provide affordable and scalable streaming services. By the close of the day on January 6, 2025, the AI Fund had the following assets in these weightings: NEAR Protocol (NEAR) 29.93%, Render (RENDER) 20.58%, Bittensor (TAO) 19.03%, Filecoin (FIL) 17.18%, The Graph (GRT) 10.45% and Livepeer (LPT) 2.83%. DeFi Fund rebalancing saw Curve (CRV) joining Grayscale portfolio Grayscale also adjusted its DeFi Fund in line with the CoinDesk DeFi Select Index methodology . Curve (CRV), dex for stablecoin trading, replaced Synthetix (SNX). SNX was sold as other assets were reallocated among the existing components. As of January 6, 2025, the DeFi Fund’s composition is: Uniswap (UNI) 47.88%, Aave (AAVE) 27.87%, Lido (LDO) 9.75%, MakerDAO (MKR) 7.79%, and Curve (CRV) 6.71%. In line with CoinDesk’s Large Cap Select Index methodology, the top asset management firm adjusted the GDLC portfolio by selling Avalanche (AVAX) and using the resources to buy Cardano (ADA). Consequently, AVAX was delisted from the GDLC portfolio. At the end of the day on January 6, 2025, GDLC’s Fund Components was a basket of the following assets and weightings: Bitcoin 73.52%, Ether 16.16%, XRP 5.05%, Solana (SOL) 3.83%, and Cardano (ADA) 1.44%. The Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) also experienced a rebalancing. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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