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Grayscale Bitcoin

Grayscale, the world’s largest crypto asset manager is expanding its crypto product offering with its new Defi Fund, the first of its kind from the firm. The crypto asset manager is well known for offering Bitcoin and other altcoins investment funds, but this would mark their first entry in the highly popular defi ecosystem.

The Grayscale Defi Fund would be the second diversified fund offering from the company. The new fund would track the Coindex Defi Index that comprises of

  • Uniswap (UNI), 49.95%
  • Aave (AAVE), 10.25%
  • Compound (COMP), 8.38%
  • Curve (CRV), 7.44%
  • MakerDAO (MKR), 6.49%
  • SushiSwap (SUSHI), 4.83%
  • Synthetix (SNX), 4.43%
  • Yearn Finance (YFI), 3.31%
  • UMA Protocol (UMA), 2.93%
  • Bancor Network Token (BNT), 2.00%

Grayscale Investments CEO Michael Sonnenshein said,

“Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem. The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry. We’re proud to offer investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures.”

The post Breaking: Grayscale Launches its First Defi Fund appeared first on Coingape.

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#Bitcoin #Crypto #Cryptocurrency

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