Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi fund and rebalanced its large digital capital fund.
The announcement on 3 January describes the changes made to Grayscale in the two funds. The DeFi fund has been rebalanced with the addition of AMP, the security owned by the Flexa payment network, while Bancor (BNT) and Universal Market Access (UMA) have been removed.
Flexa uses the AMP token to secure cryptocurrency payments and settle them in cash for recipients, making it easier for sellers to accept cryptocurrencies.
Grayscale has changed the weights, but not the list of Grayscale Digital Large Cap Fund (GDLC) tokens.
Grayscale’s DeFi Fund now consists of nine different cryptocurrencies from the DeFi ecosystem. Uniswap (UNI) has the highest fund weight of 42.33%, while the newly added AMP is 7.39%. The fund changes reflect the changes made in CoinDesk’s DeFi Index (DFX).
At the time of writing, the Grayscale DeFi Fund’s share price is $ 5.56, 11.2% higher than the original share price of $ 5 on July 14. The fund manages $ 11.6 million in assets and $ 2.08 million in outstanding shares.
Grayscale is best known for its reputation as the Grayscale Bitcoin Trust, which currently manages $ 30.1 billion in assets. The stock is trading at $ 34.27, up 23% since July 14 and 59.16% in the last 12 months.
Grayscale DeFi Fund and Bitcoin Trust have passed the DeFi Pulse Index (DPI), the largest DeFi index for retail by market value, since July 14 …
Related: The grayscale shows that over 25% of U.S. households surveyed own Bitcoin.
Grayscale had the highest gain in Bitcoin (BTC) assets among Bitcoin ETFs and companies by 2021, accumulating 645,199 Bitcoins at the end of the year, representing 71% of spot ETFs and corporate BTC markets.