Grayscale, a digital asset manager that offers crypto funds to retail investors with more than $28 billion in assets under management as of July 16, 2021, has partnered with CoinDesk on a new DeFi (Decentralized Finance) fund, according to a release. The Grayscale DeFi Fund will include the following digital assets and weightings, as outlined by the CoinDesk DeFi Index:
- Uniswap (UNI), 49.95%
- Aave (AAVE), 10.25%
- Compound (COMP), 8.38%
- Curve (CRV), 7.44%
- MakerDAO (MKR), 6.49%
- SushiSwap (SUSHI), 4.83%
- Synthetix (SNX), 4.43%
- Yearn Finance (YFI), 3.31%
- UMA Protocol (UMA), 2.93%
- Bancor Network Token (BNT), 2.00%
Michael Sonnenshein, Grayscale Investments CEO, stated:
“Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem. 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.”
This specific fund is currently available to accredited and institutional investors.
Grayscale said that it intends to attempt to have shares of this fund quoted on a secondary market but there are no guarantees.
The Grayscale Bitcoin Trust (GBTC) trades on OTC Markets and is frequently the most actively traded listing on the marketplace.
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