{"id":46321,"date":"2021-07-19T16:44:22","date_gmt":"2021-07-19T13:44:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46321"},"modified":"2025-09-01T15:47:59","modified_gmt":"2025-09-01T12:47:59","slug":"grayscale-launches-defi-focused-index-and-trust","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscale-launches-defi-focused-index-and-trust\/","title":{"rendered":"Grayscale launches DeFi-focused index and trust"},"content":{"rendered":"<p>Grayscale Investments, the digital asset manager, announced the launch of a new investment product comprising components of the CoinDesk DeFi Index in the decentralized finance space.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Today we\u2019re unveiling Grayscale DeFi Fund, our second diversified investment product, which tracks the <a href=\\\"https:\/\/twitter.com\/CoinDesk?ref_src=twsrc%5Etfw\\\">@CoinDesk<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\\\">#DeFi<\/a> Index. Accredited Investors are now able to gain exposure to a selection of industry-leading DeFi protocols through the Fund. Learn more: <a href=\\\"https:\/\/t.co\/i0hm9vrklB\\\">https:\/\/t.co\/i0hm9vrklB<\/a> <a href=\\\"https:\/\/t.co\/QASEp9SpfK\\\">pic.twitter.com\/QASEp9SpfK<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\\\"https:\/\/twitter.com\/Grayscale\/status\/1417101075958616068?ref_src=twsrc%5Etfw\\\">July 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>The fund is open to daily subscriptions for accredited investors.<\/p>\n<p>\\n\\n<\/p>\n<p>Grayscale intends to enable secondary trading of the Grayscale DeFi Fund. Representatives of the manager stressed that they cannot guarantee approval of this initiative by the <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> and <span data-descr=\\\"U.S. Financial Industry Regulatory Authority\\\" class=\\\"old_tooltip\\\">FINRA<\/span>.<\/p>\n<p>\\n\\n<\/p>\n<p>As of July 1, 2021, the CoinDesk DeFi Index included:<\/p>\n<p>\\n\\n<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>Uniswap (UNI), 49.95%;<\/li>\n<li>Aave (AAVE), 10.25%;<\/li>\n<li>Compound (COMP), 8.38%;<\/li>\n<li>Curve (CRV), 7.44%;<\/li>\n<li>MakerDAO (MKR), 6.49%;<\/li>\n<li>SushiSwap (SUSHI), 4.83%;<\/li>\n<li>Synthetix (SNX), 4.43%;<\/li>\n<li>Yearn Finance (YFI), 3.31%;<\/li>\n<li>UMA Protocol (UMA), 2.93%;<\/li>\n<li>Bancor Network Token (BNT), 2%.<\/li>\n<\/ul>\n<p>\\n\\n<\/p>\n<p>According to the press release, the index is formed by market-cap weighted liquid tokens of DeFi protocols. It is compiled by CoinDesk Indexes, which, like Grayscale Investments, is part of Barry Silbert&#8217;s Digital Currency Group conglomerate.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\u201cWe are pleased to offer investors access to the DeFi sector through Grayscale&#8217;s investment products,\\u201d<\/em> commented CEO Michael Sonnenshein.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In an interview with CNBC, the executive said that the creation of the 15th DeFi Fund trust was the result of strong client interest in the DeFi sector.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\u201cThe question isn\u2019t whether it will happen, but when it will happen.\\u201d<\/em><\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Grayscale Investments <a href=\"https:\/\/u1f987.com\/en\/news\/bny-mellon-to-help-grayscale-convert-bitcoin-trust-into-etf\">signed an agreement<\/a> with Bank of New York Mellon, under which the financial holding company will act as custodian of the Grayscale Bitcoin Trust.<\/p>\n<p>\\n\\n<\/p>\n<p>In March Grayscale <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-opens-nine-etf-related-vacancies\">opened nine vacancies<\/a> mentioning the exchange-traded fund.<\/p>\n<p>\\n\\n<\/p>\n<p>One month later the company announced plans <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-plans-to-convert-bitcoin-trust-into-an-etf\">to convert the bitcoin trust into an exchange-traded fund<\/a> based on the first cryptocurrency.<\/p>\n<p>\\n\\n<\/p>\n<p>In July, William Cai, cofounder of Wilshire Phoenix, which filed with the SEC for Bitcoin ETF approval,<a href=\"https:\/\/u1f987.com\/en\/news\/wilshire-phoenix-co-founder-u-s-wont-approve-bitcoin-etf-before-2023\">doubted<\/a> a favorable decision before 2023.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments launched a new investment product comprising components of the CoinDesk DeFi Index in the decentralized finance space.<\/p>\n","protected":false},"author":1,"featured_media":46322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,943,1156],"class_list":["post-46321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-grayscale-investments","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"104","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46321"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46321\/revisions"}],"predecessor-version":[{"id":46323,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46321\/revisions\/46323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46322"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}