Grayscale Investments, a crypto asset management company, announced changes to its DeFi Fund, a decentralized finance-focused investment fund, as part of a rebalancing process for the first quarter of 2026. The company removed the Aerodrome Finance (AERO) token from the fund and replaced it with the Ethena ($ENA) token.
According to data shared by Grayscale, as of May 1st, Uniswap holds the largest share in the DeFi Fund with 35.22%. It is followed by Aave with 21.36% and Ondo with 19.83%. The newly added Ethereum’s weight in the fund is stated as 13.59%.
The remaining portion of the fund consisted of Curve DAO Token with 5.27% and Lido DAO with 4.73%. Thus, Grayscale reshaped its investment allocation in the DeFi sector in line with current market conditions and strategic considerations.
The company also announced a rebalancing of its Smart Contract Platform Fund. However, it was stated that no new assets were added to this fund, nor were any existing assets removed.
Fund rebalancing operations in the crypto market are closely watched by investors. In particular, the portfolio choices of large institutional investment firms like Grayscale can have a significant impact on market sentiment. Analysts believe that the addition of $ENA to the fund could signal increased institutional interest in the Ethereum ecosystem.
*This is not investment advice.