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Grayscale Investments, a leading asset management firm known for its focus on crypto, recently made some important changes to its multi-asset funds. This adjustment comes after they review Q4 2024, and it involves updates to several key funds, including those focused on AI, DeFi, and smart contract platforms.
These changes are significant because many investors look to Grayscale’s funds as a guide when building their portfolios.
AI Fund Adds Livepeer (LPT)
In a recent tweet post, Grayscale announced that they made some major changes to their Grayscale’s Decentralized AI Fund. The firm sold off some of its existing assets to make space for Livepeer (LPT), which is now part of the portfolio.
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 AI Fund now holds;
- 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%
DeFi Fund Adds Curve Token
Grayscale also made changes to its Decentralized Finance Fund (DeFi Fund). Here, they sold off some Synthetix (SNX) and used the money to buy Curve (CRV) tokens.
By adding CRV, Grayscales shows confidence in Curve’s future and its potential to grow within the DeFi space.
While the updated fund now holds;
- Curve (CRV) – 6.71%
- MakerDAO (MKR) – 7.79%
- Lido (LDO) – 9.75%
- Aave (AAVE) – 27.87%
- Uniswap (UNI) – 47.88%
Adjustment in Smart Contract Funds
Grayscale made changes to its Smart Contract Platform Ex-Ethereum Fund (GSCPxE). The fund sold off some assets and used the money to buy SUI, a newer blockchain project.
Their GSCPxE) Now holds this asset;
- 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%
Finally, Grayscale’s Digital Large Cap Fund (GDLC) also saw a slight adjustment in their portfolio. The firm sold its holdings in Avalanche and used those funds to purchase Cardano (ADA).
- Cardano (ADA) – 1.44%
- Solana (SOL) – 3.83%
- XRP – 5.05%
- Ether – 16.16%
- Bitcoin – 73.52%
Why These Changes Made?
These updates are part of Grayscale’s regular efforts to keep its funds in line with market trends. The firm regularly reviews its portfolios, making adjustments to reflect the latest developments in the crypto world.
