Business UpdateMay 6, 2026, 04:18 PM
Grayscale Rebalances DeFi & Smart Contract Funds for Q1 2026
AI Summary
Grayscale Investments announced the updated Fund Component weightings for its Decentralized Finance (DeFi) Fund (DEFG) and Smart Contract Fund (GSC) following their first quarter 2026 reviews. For the DEFG Fund, Aerodrome Finance (AERO) was sold, and Ethena (ENA) was purchased, with new weightings including Uniswap (35.22%) and Aave (21.36%). The GSC Fund's portfolio was also adjusted, with new weightings featuring Ether (30.14%) and Solana (29.69%). Both funds distribute components for expenses, leading to a gradual decrease in underlying assets.
Key Highlights
- Grayscale rebalanced its DeFi Fund (DEFG) and Smart Contract Fund (GSC) for Q1 2026.
- DEFG Fund sold Aerodrome Finance (AERO) and purchased Ethena (ENA).
- DEFG Fund's top holdings: Uniswap (35.22%), Aave (21.36%), Ondo (19.83%).
- GSC Fund's top holdings: Ether (30.14%), Solana (29.69%), Cardano (17.96%).
- GSC Fund's other holdings: Avalanche (7.69%), Hedera (7.41%), Sui (7.11%).
- Both funds regularly distribute components to pay for ongoing expenses.
- Rebalancing aligns with CoinDesk DeFi Select and Smart Contract Platform Select Capped Index methodologies.
Price Impact
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