Grayscale Investments, a prominent crypto asset manager, has rebalanced four key investment funds for 2025 following its Q4 2024 portfolio review. The funds affected are the Grayscale Decentralized AI Fund (AI Fund), Decentralized Finance Fund (DeFi Fund), Digital Large Cap Fund (GDLC Fund), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund).
In the AI Fund, Grayscale sold some assets and introduced Livepeer (LPT) along with tokens like NEAR Protocol, Render, Bittensor, Filecoin, and The Graph. This aims to enhance the fund’s exposure to decentralized AI technologies.
For the DeFi Fund, Grayscale replaced Synthetix with Curve. The updated portfolio now includes Uniswap, Aave, Lido, MakerDAO, and Curve, with Uniswap being the largest at 47.88% and Curve at 6.71%.
The GDLC Fund saw Avalanche replaced by Cardano. Its current holdings consist of Bitcoin, Ethereum, Solana, XRP, and Cardano, with Bitcoin making up 73.52% and Cardano only 1.44%.
The GSCPxE Fund also underwent changes, adding SUI to its portfolio, which now includes Solana, Cardano, Avalanche, Sui, NEAR Protocol, and Polkadot. These rebalancing efforts are designed to align the funds with market trends and strategies.
Grayscale noted that these funds do not generate income but distribute assets to cover expenses, leading to a gradual decrease in total holdings. The rebalancing occurs quarterly based on performance evaluations.
In October 2024, Grayscale considered 35 altcoins for future inclusion in its products, continuously updating its strategies.
