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Grayscale Gives Institutions Index Exposure to DeFi

Grayscale is now offering institutional investors index exposure to DeFi. The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index following a representative basket of ten DeFi crypto tokens. These include Uniswap (UNI) weighted at 49.95%, Aave (AAVE) weighted at 10.25% and Compound (COMP) weighted at 8.38%.  Grayscale’s new index…
By: Dan Kahan • July 19, 2021
Grayscale Gives Institutions Index Exposure to DeFi

Grayscale is now offering institutional investors index exposure to DeFi.

The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index following a representative basket of ten DeFi crypto tokens. These include Uniswap (UNI) weighted at 49.95%, Aave (AAVE) weighted at 10.25% and Compound (COMP) weighted at 8.38%.

Grayscale’s new index fund displays increased institutional interest in DeFi, although by engaging with an index instead of directly with the protocols, it also suggests some hesitancy on the part of institutional investors.

The DeFi Fund is Grayscale’s second diversified fund, following their Grayscale Digital Large Cap Fund, which primarily tracks the prices of Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).

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