Grayscale Completes Quarterly Rebalancing, Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA

Grayscale Investments, which manages the Grayscale DeFi Fund and the Grayscale Digital Large Cap Fund, revealed the amended Fund Component weightings for each fund in conjunction with their corresponding quarterly assessments on Monday.

Grayscale, situated in New York, is controlled by Digital Currency Group, the holding firm of CoinDesk. Grayscale changed the DeFi Fund’s holdings in line with the CoinDesk DeFi Index strategy by selling specified quantities of the current Fund Components in accordance with individual weightings and utilizing the proceeds from the sale to buy Amp (AMP).

Bancor (BNT) and Universal Market Access (UMA) have now been eliminated from the CoinDesk DeFi Index and the DeFi Fund as a consequence of the rebalancing process. AMP is the indigenous currency of the Flexa platform, a payment network that allows crypto-collateralized transactions in physical and online establishments.

Flexa collateralize crypto currency payments with the AMP token while being validated on their separate blockchains and makes payouts in fiat to the receiver. Participating retailers may take payments in BTC, ETH, as well as other digital currencies more quickly and securely by allowing payments over the Flexa network. As per Grayscale, the Flexa network is just one of a plethora of initiatives aimed at accelerating the advancement of the blockchain into a sophisticated peer-to-peer financial system.

Components of the DeFi Fund as of January 3:

The Fund Components of the DeFi Fund were a mixture of the following assets and weightings at the close of the day on January 3, 2022.
Uniswap (UNI), 42.33%
Aave (AAVE), 13.06%
Curve (CRV), 10.63%
MakerDAO (MKR), 8.99%
Amp (AMP), 7.39%
Yearn Finance (YFI), 6.34%
Compound (COMP), 5.02%
Synthetix (SNX), 3.15%
SushiSwap (SUSHI), 3.09%

Grayscale Digital Large Cap Fund has had no fresh tokens added or deleted. This statement comes after Grayscale said in October 2021 that it had changed the Digital Large Cap Fund’s portfolio and included Solana (SOL) and Uniswap (UNI). The Digital Large Cap Fund’s Fund Components were a buffet of the below mentioned assets and weightings at the close of the day on January 3, 2022:

Bitcoin (BTC), 60.50%
Ethereum (ETH), 30.13%
Solana (SOL), 3.56%
Cardano (ADA), 3.05%
Uniswap (UNI), 0.77%
Chainlink (LINK), 0.71%
Litecoin (LTC), 0.69%
Bitcoin Cash (BCH), 0.59%

Neither the DeFi Fund nor the Digital Large Cap Fund earn any revenue, and both disperse Fund Components on a monthly basis to cover continuing expenditures. As a result, the quantity of Fund Components reflected by each fund’s shares steadily diminishes with the passage of time.