Amid the ongoing crypto winter, digital asset management giant Grayscale’s decentralized finance (DeFi) investment product has started trading on the financial market OTC Markets.
The Grayscale DeFi Fund currently gives customers exposure to the decentralized exchanges Uniswap (UNI) and Curve (CRV), the decentralized lending platforms Aave (AAVE) and Compound (COMP), and Maker (MKR), a governance token that supports the Ethereum (ETH)-based stablecoin DAI.
Says Rayhaneh Sharif-Askary, Grayscale’s head of investor solutions,
“We believe that investors deserve access to the digital currency ecosystem through secure products, and are excited to now offer them exposure to the evolving decentralized finance sub-sector through a publicly-quoted security.”
The fund’s weighted basket at time of writing is 69.06% UNI, 12.84% AAVE, 8.84% MKR, 5.03% CRV and 4.23% COMP.
The product, which tracks the CoinDesk DeFi Select Index (DFX) and is rebalanced quarterly, trades under DEFG. It’s Grayscale’s 15th investment product trading on OTC Markets, according to a new announcement from the digital asset manager.
The Grayscale DeFi fund currently has $3.2 million worth of assets under management and is down more than 72% since its inception date in July 2021.
UNI is trading at $6.17 at time of writing and is down 0.31% in the past 24 hours. AAVE is priced at $61.60 and is down nearly 2.5%. MKR is trading at $612.51 and is down more than 1.5%. CRV is trading at $0.647 and is down more than 2.5%. COMP is changing hands at $39.40 and is up nearly 2%.
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