Grayscale Investments, an encrypted asset management company, rebalanced its Grayscale DeFi fund and adjusted the weight of its digital large-cap fund.
January 3 announcement Details the changes made by Grayscale to its two funds. The weight of DeFi funds has been rebalanced Amplifier, The native mortgage token of the Flexa payment network has been added, and Bancor (BNT) and Universal Market Access (UMA) have been deleted.
Flexa uses AMP tokens to collateralize encrypted payments and settle them to recipients in legal form, enabling merchants to easily accept encryption.
Grayscale re-adjusted its weights, but did not change the token list of Grayscale Digital Large Cap Fund (GDLC).
We just announced grayscale’s updated component weights #DeFi Fund, now includes $AMP. This is the first time AMP has been included in the Grayscale Investment Tool. Read this topic for more information: pic.twitter.com/jfKAih24cS
-Grayscale (@Grayscale) January 3, 2022
Grayscale’s DeFi fund now consists of nine different crypto assets from the DeFi ecosystem. Uniswap (UNI) has the highest weight in the fund at 42.33%, while the newly added AMP accounted for 7.39%. The changes to the fund reflect changes to CoinDesk’s DeFi Index (DFX).
At the time of writing, the Grayscale DeFi Fund’s share price is US$5.56, which has risen by 11.2% since its share price was US$5 when it was established on July 14. The fund manages US$11.6 million in assets and 2.08 million outstanding shares.
Grayscale is known for its Grayscale Bitcoin Trust, which currently manages $30.1 billion in assets. The stock price is $34.27, a 23% increase since July 14 and a 59.16% increase in the past 12 months.
Since July 14, the performance of Grayscale DeFi Fund and its Bitcoin Trust have outperformed the DeFi Pulse Index (DPI), the retail DeFi index with the largest market capitalization. Although DPI’s trading volume was higher, it fell by 2% over the same period.
Grayscale Bitcoin has the largest increase (Bitcoin) Shareholding Between the spot Bitcoin ETF and the company By the end of 2021, a total of 645,199 BTC has been accumulated, accounting for 71% of BTC holdings in spot ETFs and corporate markets.