Grayscale Rebalances Funds, Adds BNB to Smart Contract Portfolio
Grayscale Investments has completed its quarterly rebalancing of several cryptocurrency funds. The adjustments, effective as of August 3, reflect Grayscale's ongoing strategy to align its products with market developments and investor demand.
The DeFi Fund now holds a diversified portfolio led by Uniswap at 34.16%, followed by Ondo Finance at 25.44%, Aave at 19.97%, Ethena at 12.19%, Curve DAO at 4.42%, and Lido DAO at 3.82%.
The Smart Contract Fund has seen a significant shift with the addition of BNB, which now accounts for 31% of the fund's weight, alongside Ethereum and Solana each representing 29%. This marks a departure from the fund's previous focus on Ethereum and Solana.