Amid the ongoing crypto winter, digital asset management giant Grayscale’s decentralized finance (DeFi) investment product has begun trading on the OTC Markets financial markets.
The Greyscale DeFi Fund currently provides clients with exposure to decentralized exchanges Uniswap (UNI) and Curve (CRV), decentralized lending platforms Aave (AAVE) and Compound (COMP), and Maker (MKR), an Ethereum (ETH)-backed governance token that based on stablecoin DAI.
Rayhaneh Sharif-Askary, Head of Investor Solutions at Grayscale, said,
“We believe that investors deserve access to the digital currency ecosystem through secure products, and are pleased to now offer them exposure to the evolving decentralized finance sub-sector through a publicly listed security.”
The fund’s weighted basket at the 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 rebalances quarterly, trades under DEFG. It is the 15th trade of Grayscale’s investment product on the OTC market, according to a new announcement from the digital asset manager.
The Grayscale DeFi fund currently has $3.2 million in assets under management and is down more than 72% since its inception in July 2021.
UNI is trading at $6.17 at the time of writing and is down 0.31% in the past 24 hours. AAVE is priced at $61.60 and is down almost 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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