Grayscale added new Altcoins for AI, DeFi and Smart Contract funds

Grayscale Investments, a leading asset management firm known for its focus on crypto, recently made significant changes to its multi-asset funds. This adjustment comes after the fourth quarter 2024 review and involves updates to several key funds, including those focused on AI, DeFi and smart contract platforms.

These changes are important because many investors look to Grayscale’s funds as a guide when building their portfolio.

AI Fund adds Livepeer (LPT)

In a recent tweet, Grayscale announced that it has made major changes to its Grayscale Decentralized AI Fund. The company sold some of its existing assets to make room for Livepeer (LPT), which is now part of the portfolio.

The Grayscale AI Fund is now owned;

• Livepeer (LPT) – 2.83%
• The chart (GRT) – 10.45%
• Filecoin (FIL) – 17.18%
• Bittensor (TAO) – 19.03%
• Rendered (RENDERED) – 20.58%
• NEAR Protocol (NEAR) – 29.93%

DeFi fund adds Curve token

Grayscale also made changes to its decentralized finance fund (DeFi Fund). Here, they sold Synthetix (SNX) and used the money to buy Curve (CRV) tokens.

By adding CRV, Grayscales shows its confidence in Curve’s future and its growth potential in the DeFi space.

While the updated fund now holds;

• Curve (CRV) – 6.71%
• MakerDAO (MKR) – 7.79%
• Lido (LDO) – 9.75%
• Aave (AAVE) – 27.87%
• Uniswap (UNI) – 47.88%

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Adjustment of smart contract funds

Grayscale has made changes to its Smart Contract Platform Ex-Ethereum Fund (GSCPxE). The fund sold some assets and used the money to purchase SUI, a new blockchain project.

Their GSCPxE) now holds this asset;

• Polka dot (POINT) – 2.66%
• NEAR Protocol (NEAR) – 3.85%
• Sui (SUI) – 7.93%
• Avalanche (AVAX) – 9.52%
• Cardano (ADA) – 20.82%
• Solana (SOL) – 55.22%

Finally, Grayscale’s Digital Large Cap Fund (GDLC) also saw a slight adjustment in its portfolio. The company sold its holdings in Avalanche and used those funds to purchase Cardano (ADA).

• Cardano (ADA) – 1.44%
• Solana (SOL) – 3.83%
• XRP-5.05%
• Ether – 16.16%
• Bitcoin – 73.52%

Why were these changes made?

These updates are part of Grayscale’s regular efforts to keep its funds in step with market trends. The company regularly reviews its portfolios and makes adjustments to reflect the latest developments in the crypto world.