Grayscale Adds Lido’s LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund’s Basket
On July 7, 2023, the digital asset manager
Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund.
Although no new tokens were added to two of the funds, Grayscale revealed that it added Lido DAO’s native cryptocurrency and governance token,
LDO, to the Defi Fund.
Grayscale Investments, the digital asset manager, announced its second-quarter
2023 update, which covers fund rebalancing and a new token addition to the Defi Fund.
LDO holds the second-largest weight in the fund’s portfolio of coins, with uniswap (UNI) being the largest, representing
45.46%.
LDO ranks as the 33rd largest market capitalization out of nearly
10,000 crypto assets within the crypto economy.
Looking at six-month statistics,
LDO is down 1%, and it remains 73% lower than the all-time high recorded on August
20, 2021. Currently, with the inclusion of
LDO in the fund’s portfolio, Grayscale’s Defi Fund’s assets under management (AUM) stand at
$3,144,411 as of July 7.
