Grayscale Investments, a leading asset management firm specializing in cryptocurrency, has announced significant changes to its multi-asset funds as part of its Q4 2024 portfolio review. The adjustments impact several of Grayscale’s key funds, including those focused on Artificial Intelligence (AI), Decentralized Finance (DeFi), and Smart Contract platforms. These strategic modifications are seen as vital by investors who rely on Grayscale’s funds as a benchmark for portfolio diversification and exposure to emerging sectors in the crypto space.
AI Fund Adds Livepeer (LPT)
In a notable update, Grayscale’s Decentralized AI Fund has expanded its portfolio by adding Livepeer (LPT), a decentralized video streaming network. The firm sold off some of its existing assets to accommodate this new addition. Livepeer now comprises 2.83% of the AI fund, which also holds:
- Livepeer (LPT) – 2.83%
- The Graph (GRT) – 10.45%
- Filecoin (FIL) – 17.18%
- Bittensor (TAO) – 19.03%
- Render (RENDER) – 20.58%
- NEAR Protocol (NEAR) – 29.93%
These changes signal Grayscale’s confidence in the potential of decentralized AI applications and their long-term growth within the crypto ecosystem.
We rebalanced and updated the components of our 4 multi-asset funds, Grayscale Decentralized AI Fund, $DEFG, $GDLC, and Grayscale Smart Contract Platform Ex-Ethereum Fund.
— Grayscale (@Grayscale) January 8, 2025
Read on for our Q4 2024 updates! 🧵 pic.twitter.com/ohQPEAGGtF
DeFi Fund Expands with Curve (CRV)
Grayscale also made key updates to its Decentralized Finance Fund, selling off Synthetix (SNX) and using the proceeds to purchase Curve (CRV) tokens. This addition strengthens Grayscale’s DeFi exposure, showcasing the firm’s belief in Curve’s growth within the decentralized finance sector. The updated DeFi Fund now includes:
- Curve (CRV) – 6.71%
- MakerDAO (MKR) – 7.79%
- Lido (LDO) – 9.75%
- Aave (AAVE) – 27.87%
- Uniswap (UNI) – 47.88%
Smart Contract Fund Adjustments
Grayscale’s Smart Contract Platform Ex-Ethereum Fund (GSCPxE) has also undergone changes, with the firm reallocating funds to include SUI, a promising new blockchain project. The new allocation is as follows:
- Polkadot (DOT) – 2.66%
- NEAR Protocol (NEAR) – 3.85%
- Sui (SUI) – 7.93%
- Avalanche (AVAX) – 9.52%
- Cardano (ADA) – 20.82%
- Solana (SOL) – 55.22%
Digital Large Cap Fund Minor Tweaks
Finally, Grayscale made slight adjustments to its Digital Large Cap Fund (GDLC), replacing its holdings in Avalanche with Cardano. The new fund composition is:
- Cardano (ADA) – 1.44%
- Solana (SOL) – 3.83%
- XRP – 5.05%
- Ether (ETH) – 16.16%
- Bitcoin (BTC) – 73.52%
Also Read: Cardano (ADA) Returns to Grayscale Digital Large Cap Fund: What This Means for Institutional Adoption
These adjustments reflect Grayscale’s ongoing commitment to adapting its funds to align with market trends and the evolving crypto landscape. Investors will be closely watching these changes as they look for insights into the future direction of the cryptocurrency market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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