Re-adjust the DeFi fund in gray scale, remove BAL and UMA。

Time:2022-01-24 Source: 955 views DeFi Copy share

The major digital asset management company Grayscale has re-adjusted its DeFi fund, which is the second adjustment since the fund was established in July 2021.

Grayscale Investments, an encrypted asset management company, re-adjusted its Grayscale DeFi Fund and adjusted the weight of its Digital Large Cap Fund.

The announcement issued on January 3 detailed Grayscale's adjustments to its two funds. The weight of the DeFi fund has been re-adjusted, the Flexa payment network's native mortgage token AMP has been added, and Bancor (BNT) and Universal Market Access (UMA) have been removed.

Flexa uses AMP tokens to collateralize encrypted payments and settle them in fiat currency to the recipient, making it easy for merchants to accept cryptocurrencies.

Grayscale re-adjusted the weight, but did not change the list of Grayscale Digital Large Cap Fund (GDLC) tokens.

We just announced that we have updated the component weights of the Gray DeFi Fund, which now includes AMP. This is the first time that AMP has been included in the Grayscale Investment Tool.

--Grayscale (@Grayscale) January 3, 2022

Grayscale DeFi Fund is now composed of 9 different crypto assets in the DeFi ecosystem. Uniswap (UNI) has the highest weight in the fund at 42.33%, while the newly added AMP has a weight of 7.39%.

At the time of writing, the price of the Grayscale DeFi Fund was $5.56, an 11.2% increase from the issue price of $5 on July 14. The fund's assets under management are US$11.6 million, with a circulating share of 2.08 million shares.

Grayscale's most famous product is its Grayscale Bitcoin Trust Fund, which currently manages $30.1 billion in assets. The current transaction price is $34.27, a 23% increase since July 14 and a cumulative increase of 59.16% in the past 12 months.

Since July 14th, the performance of Grayscale DeFi Fund and its Bitcoin Trust Fund has surpassed DeFi Pulse Index (DPI), which is the retail DeFi index with the largest market capitalization. Although the trading volume of DPI was relatively high, the price dropped by 2% during the same period.

In 2021, among spot Bitcoin ETFs and companies, Grayscale's Bitcoin holdings increased the most. By the end of the year, it had accumulated 645,199 BTC, accounting for 71% of spot ETFs and corporate market Bitcoin holdings.

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