Grayscale Investments, one of the most influential crypto asset managers, has made significant adjustments to its investment funds in preparation for the upcoming year.
Grayscale֯, a leading crypto asset manager, has announced adjustments to its investment funds ahead of 2025. These changes impact four of its key funds: the Grayscale Decentralized AI Fund, Decentralized Finance Fund, Digital Large Cap Fund (GDLC Fund), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund).
The updates follow a portfolio review by Grayscale during Q4 2024. In its AI Fund, the company made selective asset sales and added new tokens, including Livepeer (LPT), a project focused on decentralizing video streaming. Other additions to the fund are NEAR Protocol, Render, Bittensor, Filecoin, and The Graph. These adjustments aim to diversify the fund’s exposure to decentralized AI technologies, an emerging area in the crypto space.
The DeFi Fund sees a major change with Grayscale adding Curve Finance, one of the largest and most innovative decentralized exchange protocols, to the fund. This addition sees Synthetix being removed from the fund. As a result, the fund now includes key assets like Uniswap, Aave, Lido, MakerDAO, and Curve. Uniswap remains the fund’s largest holding, representing 47.88%, while Curve makes up 6.71% of the fund.
In the GDLC Fund, Cardano replaces Avalanche in the fund. The fund now includes Bitcoin, Ethereum, Solana, XRP, and Cardano, with Bitcoin dominating the portfolio at 73.52%, while Cardano represents just 1.44% of the fund.
Finally, the GSCPxE Fund also sees a rebalance, adding SUI and adjusting its holdings with Solana, Cardano, Avalanche, Sui, NEAR Protocol, and Polkadot. This aligns the portfolio with the fund’s strategy to capitalize on emerging opportunities in the crypto space and meet investor demands for high-potential assets.
Grayscale notes that these funds do not generate direct income but instead distribute assets regularly to cover operating expenses, which is why the total holdings of each fund decrease over time. The rebalancing process occurs quarterly, based on market evaluations and asset performance.
In related news, Grayscale also announced in October 2024 that it was considering 35 altcoins for potential inclusion in its products. This highlights Grayscale’s ongoing focus on identifying promising cryptocurrencies as it continues to expand its offerings to meet the diverse investment needs in the crypto market.
