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News Report

Grayscale Investments Launches Grayscale Decentralized Finance (DeFi) Fund

2 mins
Updated by Ryan James

In Brief

  • Grayscale Investments has partnered with CoinDesk to bring its second diversified crypto fund.
  • The new fund is strictly focused on decentralized finance (DeFi) projects.
  • The fund currently features ten projects, with UNI, AAVE and COMP being the biggest holdings.
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The world’s largest digital currency asset manager is partnering with CoinDesk Indexes to launch the Grayscale DeFi Fund.

The latest offering from Grayscale Investments will offer customers the opportunity to gain exposure to the ever-growing decentralized finance (DeFi) space. The DeFi fund becomes Grayscale’s fifteenth product offering, and second diversified fund in the crypto space. The latest fund will include “leading DeFi protocols through a market-capitalization weighted portfolio designed to track the CoinDesk DeFi Index,” the announcement stated

Grayscale Investments CEO Michael Sonnenshein commented on its latest fund offering, saying that the company continues to look at offering opportunities for investors to access. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry. We’re proud to offer investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures” Sonnenshien stated. 

Grayscale will partner with CoinDesk, who will provide the DeFi index for the investment fund. The index will provide a benchmark representation of the DeFi protocols. The index will include market capitalization and liquidity of current DeFi projects. 

Current projects in the DeFi Fund 

Currently, the DeFi fund includes ten DeFi projects. These projects are Uniswap (UNI), Aave (AAVE), Compound (COMP), Curve (CRV), MakerDAO (MKR), SushiSwap (SUSHI), Synthetix (SNX), Yearn Finance (YFI), UMA Protocol (UMA), and Bancor Network Token (BNT), 

Currently, UNI makes up half of the entire portfolio, with 49.95% of the fund being held in the decentralized exchange’s native token. AAVE equals 10.25% of the fund, with the rest all making up single digits allocations to the fund. BNT holds the smallest allocation with just 2%.

Managing Director of CoinDesk Indexes Jodie Gunzberg commented on the partnership, saying, “With increasing attention on the innovations within decentralized finance, it’s critical for the investment community to have tools that deliver calculated exposure to this exciting area of innovation. This collaboration offers investors the data and tools they need to gain exposure to decentralized finance into their portfolios.”

The fund is currently open for daily subscription by eligible individual and institutional accredited investors. 


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