Grayscale Rebalances DeFi Fund Removing BNT and UMA
Major digital asset manager Grayscale Investments rebalanced the Grayscale DeFi Fund for the second time since its inception in July 2021, and also adjusted the weights of its Digital Large Cap Fund.
The Jan. 3 announcement detailed the changes Grayscale made to the two funds. DeFi Fund weights were rebalanced with the addition of AMP, Flexa's own payment network collateral, while Bancor (BNT) and Universal Market Access (UMA) were removed.
Flexa uses the AMP token to provide cryptocurrency payments and settles them in fiat to recipients, allowing merchants to easily accept cryptocurrency.
Grayscale also changed the weights, but did not change The Grayscale Digital Large Cap Fund (GDLC) token list.
