Grayscale Investments, a leading name in cryptocurrency asset management, has announced significant rebalancing across its multi-asset funds following its Q4 2024 reviews.
The adjustments impact three key portfolios: the Grayscale Decentralized AI Fund (AI Fund), the Grayscale Decentralized Finance Fund (DeFi Fund), and the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). These changes reflect the evolving dynamics of the cryptocurrency market and align with Grayscale’s commitment to optimizing portfolio allocations.
Livepeer joins Grayscale’s AI fund
Grayscale has added Livepeer (LPT) to its Decentralized AI Fund, highlighting the token’s role within the decentralized AI ecosystem. Livepeer is a blockchain-based video streaming network known for offering affordable and scalable streaming solutions. Adding LPT was accompanied by rebalancing the fund’s existing assets to adjust their weightings.
As of January 6, 2025, the AI Fund consists of NEAR Protocol (29.93%), Render (20.58%), Bittensor (19.03%), Filecoin (17.18%), The Graph (10.45%), and Livepeer (2.83%). These changes emphasize Grayscale’s focus on diversification and its intent to capture growth in decentralized AI solutions.
Curve replaces synthetic in DeFi fund
The Grayscale Decentralized Finance Fund also underwent restructuring, with Curve (CRV) replacing Synthetix (SNX) in its portfolio. The adjustment follows the CoinDesk DeFi Select Index methodology and led to the reallocation of assets among the remaining components after the sale of SNX.
By the end of January 6, 2025, the DeFi Fund held Uniswap (47.88%), Aave (27.87%), Lido (9.75%), MakerDAO (7.79%), and Curve (6.71%). This rebalancing signals Grayscale’s effort to maintain exposure to leading decentralized finance protocols while adapting to market trends.
GDLC and GSCPxE funds also updated
Grayscale’s GDLC Fund experienced changes as Avalanche (AVAX) was removed from the portfolio, and the proceeds were redirected to acquire Cardano (ADA). The updated GDLC Fund now comprises Bitcoin (73.52%), Ether (16.16%), XRP (5.05%), Solana (3.83%), and Cardano (1.44%). This adjustment aligns with CoinDesk’s Large Cap Select Index methodology, ensuring that the portfolio reflects leading assets in the cryptocurrency market.
Meanwhile, although specific details were not disclosed, the GSCPxE Fund rebalanced to account for updated market dynamics. Grayscale continues to fine-tune its funds to maintain relevance in an evolving industry, demonstrating its proactive approach to portfolio management.