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Grayscale DeFi Fund Now Available to Public Investors

Grayscale first launched the DeFi Fund in July 2021 but restricted its trading to only privately-accredited investors. However, on Dec. 9, it announced that U.S.-based accredited investors can publicly buy and sell the DEFG Shares.

DEFG enables investors to purchase some of the outstanding 233,960 Shares and gain exposure to a diversified basket of DeFi assets in a single investment vehicle. According to GrayScale, the current composition of the DeFi Fund include 68.88% of Uniswap (UNI), 13% of Aave (AAVE), 8.89% of Maker (MKR), 5.14% of Curve (CRV), and 4.09% of Compound (COMP).

The DeFi Fund will use the CoinDesk DeFi Select Index (DFX) to evaluate and rebalance the underlying assets on a quarterly basis.

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