Grayscale Rebalances Q2 2026 Funds, Shifts Focus on BNB and Ondo

Grayscale Investments has completed its quarterly rebalancing for Q2 2026 across three multi-asset funds, adjusting component weightings in the DeFi Fund, Smart Contract Fund, and Decentralized AI Fund. The company confirmed that the changes align with respective index methodologies.

The Stamford, Connecticut-based firm, described as the largest digital asset-focused investment platform by assets under management, made notable shifts in the DEFG Fund and GSC Fund. In the DeFi Fund, Grayscale sold Uniswap holdings entirely from its active purchase basket and redirected proceeds toward other existing components based on their proportional weightings.

Uniswap remained the largest holding at 34.16%, trailed by Ondo at 25.44%. Aave, Ethena, Curve, and Lido DAO rounded out the remaining allocation, each holding smaller shares. The Smart Contract Fund underwent a different type of adjustment during the same review period.

Grayscale sold portions of existing components proportionally and used the cash to buy BNB, pushing it to the top position at 30.6% of the fund. Ether followed closely at 29.47%, with Solana nearly matching that figure at 29.15%. Smaller allocations within the Smart Contract Fund included Cardano, Hedera, Avalanche, and Sui.

The Decentralized AI Fund also received quarterly adjustments following its own dedicated methodology. Grayscale sold NEAR Protocol holdings and reinvested the proceeds across remaining fund components. Bittensor claimed the second-largest position within the AI Fund at 29.15%, followed by Render with a 21.59% allocation.