Grayscale Defi Funds were rebalanced using AMP and dropping BAL and UMA

  • Grayscale, the leading digital asset management, has rebalanced Defi Fund for the second time since its establishment in July 2021.
  • The weights of the Defi Fund were rebalanced using AMP while Bancor (BNT) and Universal Market Access (UMA) were withdrawn.

Grayscale changed the Defi Fund’s portfolio in line with the CoinDesk Defi Index methodology by selling specified quantities of the current Fund Components in proportion to their respective weightings and utilizing the cash proceeds to buy Amp (AMP).

Grayscale reshuffled UMA and BAL but did not modify GDLC

Grayscale’s modifications to its two funds were described in a January 3 release. The assets and weighting of the Defi Fund were rebalanced using AMP, while Bancor (BNT) and Universal Market Access (UMA) were dropped.

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Grayscale reshuffled the weights of the Grayscale Digital Large Cap Fund but did not modify the token list (GDLC).

Flexa employs the AMP token to guarantee crypto payments and settle them in cash to receivers, allowing retailers to accept crypto more easily.


AMP will be featured in a Grayscale investment vehicle for the first time

Grayscale’s Defi Fund currently includes nine distinct Defi ecosystem crypto assets. Uniswap (UNI) has the greatest weighting in the fund, accounting for 42.33 percent, while AMP, which was just introduced, accounts for 7.39 percent. The fund’s adjustments reflect those made to the CoinDesk Defi Index (DFX).

Currently, the Grayscale Defi Fund’s share price is $5.56, representing an 11.2 percent increase from its inception share price of $5 on July 14. The fund manages $11.6 million in assets and has 2.08 million shares outstanding.

About Grayscale

Grayscale is well known for its Grayscale Bitcoin Trust, which presently manages $30.1 billion in assets. Shares are currently priced at $34.27, increased by 23 percent since July 14, and increased by 59.16 percent in the last year.

Since July 14, the Grayscale Defi Fund and its Bitcoin Trust have both outperformed the Defi Pulse Index (DPI). Despite having a bigger trading volume, DPI has declined by 2% during the same period.

Grayscale experienced the most rise in Bitcoin (BTC) holdings among spot Bitcoin ETFs and businesses through 2021, collecting 645,199 BTC by the end of the year, accounting for 71% of spot ETF and corporate market BTC holdings.