tl;dr
Grayscale Investments has updated the portfolios of four crypto investment funds: Grayscale Decentralized AI Fund, Grayscale Decentralized Finance Fund, Grayscale Digital Large Cap Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund. The adjustments, based on Q4 2024 reviews, include rebala...
Grayscale Investments has adjusted the portfolios of four crypto investment funds based on Q4 2024 reviews. The changes include rebalancing and adding new assets to align with fund strategies.
The Grayscale Decentralized AI Fund added Livepeer and other coins, the DeFi Fund rebalanced with the addition of Curve, the Digital Large Cap Fund sold Avalanche and bought Cardano, and the GSCPxE Fund was also rebalanced. These changes reflect the firm's strategies and are made quarterly due to the funds not generating income.
Grayscale is considering 35 altcoins for future investment products and updated its investment strategy in September 2024.
According to Grayscale, the updates reflect the firm’s Q4 2024 reviews. Grayscale said in a tweet on January 9, “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.” The readjustments are crucial as the community often uses Grayscale’s funds as a reference point for building their portfolios.
For the AI Fund, Grayscale has rebalanced the portfolio by selling off existing assets and using the proceeds to purchase Livepeer and other coins. Similarly, Grayscale’s DeFi Fund saw a rebalancing, with Synthetix sold and Curve added, and the Digital Large Cap Fund experienced a shift by selling Avalanche and purchasing Cardano. Lastly, the GSCPxE Fund was also rebalanced, and SUI was added to replace some existing cryptocurrencies. Grayscale ensured these rebalances aligned with their respective strategies and reiterated that these funds do not generate income. Grayscale also mentioned considering 35 altcoins for inclusion in future investment products and updated its investment strategy in September last year.