Grayscale Investments, a leading digital asset management firm, has announced changes to its multi-asset crypto funds for the third quarter of 2025. The adjustments include the addition of Aerodrome Finance and Story, while removing MakerDAO from the DeFi fund. This move reflects the growing interest in DeFi and AI-driven blockchain assets, as investors seek to diversify their exposure to the digital asset market.
Rebalancing of Funds
The changes, which took effect on October 3, were made in line with Grayscale’s indexing methods and reflect shifting trends in DeFi, smart contracts, and AI-linked tokens. According to data from Grayscale and CoinDesk Indices, the rebalancing affected three flagship products: the Grayscale Decentralized Finance Fund, the Smart Contract Fund, and the Decentralized AI Fund. These funds aim to provide investors with diversified exposure to key segments of the digital asset market.
New Additions to the Funds
The DeFi fund update marked the biggest change this quarter, with proceeds from the sale of MakerDAO being transferred to Aerodrome Finance, a developing DeFi protocol on Base. The DeFi fund now includes Uniswap (32.3%), Aave (28.1%), Ondo (19.1%), Lido (7.0%), Curve (6.9%), and Aerodrome (6.6%). This move indicates that investors are attracted to protocols that prioritize liquidity and offer opportunities for consistent returns.
The AI Fund now owns NEAR (25.8%), Bittensor (22.1%), Story (21.5%), Render (12.9%), Filecoin (11.4%), and The Graph (6.2%), in addition to Story (IP), a narrative AI project. The inclusion of IP reflects investor interest in AI-powered content and infrastructure networks.
Growth in DeFi and AI
The recent realignment suggests a move towards new ecosystems such as Base and the growing AI-integrated Web3 landscape. While the inclusion of AERO reflects the increasing use of Base-based protocols, the inclusion of IP reflects investor interest in AI-powered content and infrastructure networks. Regular updates from Grayscale are intended to maintain openness and alignment with the underlying index methodologies.
As a passive investment vehicle, each fund meets strict compliance and reporting requirements while providing investors with indirect exposure to developing blockchain sectors. For more information on Grayscale’s fund rebalancing, please visit https://crypto.news/grayscale-rebalances-adds-aero-ip-removes-mkr-q3-2025/
