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Grayscale launches diversified DeFi fund
July 21, 2021
Grayscale the world’s biggest crypto asset manager with more than $40bn in assets has announced to launch of the Grayscale Decentralized Finance Fund, a brand-new diversified investment product, and the CoinDesk DeFi Index.
The fund provides investors with exposure to a determination of industry-leading DeFi protocols through a market-cap weighted portfolio designed to track the CoinDesk DeFi Index.
It is Grayscale’s fifteenth investment product and its second diversified fund offering to sit close by its Digital Large Cap Fund (GDLC). Both Grayscale and CoinDesk are subsidiaries of Digital Currency Group, which was launched in 2015 by CEO Barry Silbert.
The launch of the new fund and index reflects the expanding investors interest in DeFi protocols and the growing desire to take part and contribute towards the DeFi space. DeFi has seen rampant growth and adoption lately and stays the quickest growing space in the crypto business. As per DeFi Pulse, the total locked value of all resources in the DeFi space right now sits around $53bn.
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