Grayscale Investments has again balanced its quarterfish fund, with important changes, including the addition of ONDO to the Defi Fund and the replacement of DOT by HBAR in the Smart Contract Fund.
On July 7, Grayscale Investments announced That it was again balanced for its Defi Fund, Smart Contract Fund and its decentralized AI Fund. The changes came into force at the end of the trade on July 3.
Every quarter, we rebalance and update the components of our multi-asset funds Grayscale DeFi Fund, Grayscale Smart Contract Fund, and Grayscale Decentralized AI Fund.
Read on for our Q3 updates 🧵 pic.twitter.com/dESsVwpq1j
— Grayscale (@Grayscale) July 7, 2025
As part of the update, the Defi Fund on ONDO (ONDO) added to its portfolio, which financed the purchase by cropping small parts of its existing assets. ONDO is now good for 18.22% of the fund. Uniswap (Uni) and Aave (Aave) remain the largest companies at 34.01% and 30.74%, with the rest assigned to Makerdao, Curve and Lido.
In the Smart Contract Fund, which includes large blockchain platforms that support decentralized applications, Polkadot (DOT) was removed and replaced by Hedera (HBBAR). Just like the Defi Fund, Grayscale sold some of the existing assets and used the money to buy HBar and to retract the other companies. After a change, Ethereum (ETH) and Solana (SOL) remained the top two assets, with a weights of just over 30% each. Other tokens in the updated basket are Cardano (Ada), Sui (Sui) and Avalanche (Avax).
The decentralized AI Fund has not added or removed to this quarter, but Grayscale has adjusted the size of each attitude to keep the portfolio in accordance with its strategy. Bittensor (TAO) and Near Protocol (near) are now the largest share of the fund, followed by Render (Render), Filecoin (FIL) and the graph (GRT).
To be clear: none of these funds generates income. Instead, they serve as a way for investors to get exposure to a specific crypto sector without having to buy and manage cryptocurrencies individually. By keeping shares in these funds, investors can follow the general performance of sectors such as Defi, smart contract platforms or decentralized AI.
The funds are periodically adjusted to stay up -to -date with market changes, but because they do not earn interest or dividends, Grayscale covers the operating costs by occasionally selling small amounts of assets of the fund, which gradually reduces the number of tokens behind each share.
In the meantime, Grayscale is also efforts to launch new investment products, including the long -awaited grayscale Digital large CAP ETF, which the top five Cryptocurrencies of Market Cap, namely Bitcoin (BTC), Ethereum (Etheum, XRP), Solana (ADA) odvoort.
The GDLC ETF was initially approved and then postponed when the SEC announced an evaluation of the decision on July 1, as a result of which the ETF mention was put on hold of an indefinite period of time, since the committee investigates the approval and works to set up clearer guidelines for comparable crypto investment products.