Grayscale Fund goes DeFi
Grayscale Fund goes DeFi
- Grayscale, a big crypto and blockchain investment management company, annouced on Monday that it will launch the Grayscale Fund with a focus on Decentralized Finance. The holding of this fund will be DeFi tokens. The allocation will be based on a market-weighted DeFi index, provided by CoinDesk’s / TradeBlock.
- By investing in this Fund professional financial companies can get easy acces to a DeFi token portfolio without bying all the tokens directly. The access for professional players is now more easy to a DeFi exposure.
- The fund is only open to “eligible individual and institutional accredited investors,” according to the press release. Grayscale said it “intends to attempt to have shares of this new product quoted on a secondary market” but added that “there is no guarantee this will be successful.”
“Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem,” said Grayscale Investments CEO Michael Sonnenshein.
- Find more basics about Decentralized Finance in our section DeFi 101.
Overview about the Grayscale Fund Index – CoinDesk/Tradeblock DeFi Index weightings (July 2021):
- Uniswap (UNI), 50%
- Aave (AAVE), 10%
- Compound (COMP), 8%
- Curve (CRV), 7%
- MakerDAO (MKR), 6%
- SushiSwap (SUSHI), 5%
- Synthetix (SNX), 4%
- Yearn Finance (YFI), 3%
- UMA Protocol (UMA), 3%
- Bancor Network Token (BNT), 2%
The DeFi onramps for institutional investors are growing rapidly!
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Grayscale Fund goes Defi:
- The Grayscale Fund goes DeFi, this was announced on the 19th of July 2021. This is the second diversified investment product of Grayscale Fund, which tracks a DeFi index. Accredited Investors are now able to gain exposure to a selection of industry-leading DeFi protocols through the new Grayscale Fund.
Facts about the Grayscale Fund:
- Grayscale is a Leader in the Digital Currency Investing industry.
- They believe that digital currencies will revolutionize our legacy economic, political, and social systems. With that transformation comes a meaningful generational shift in how institutions and individuals approach investing. That’s where Grayscale Investments comes in.
- Grayscale offers a gateway for professional investors the Crytpo and DeFi exposure in an easy way.
- Find more valuable information about DeFi Apps, DeFi Dashboards or Defi Insights at DezentralizedFinance.com.
- RISK DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article’s content solely reflects the opinion of the writer, who is not a financial advisor. Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.