Grayscale boosts DEFG Fund’s Ethena to 13.6%, updates GSC Fund weights
GLNK•Grayscale rebalanced its DEFG Fund for Q1 2026, selling Aerodrome Finance and others to raise Ethena to 13.59% alongside Uniswap 35.22%, Aave 21.36%, Ondo 19.83%, Curve 5.27% and Lido DAO 4.73%. The Smart Contract Fund now holds Ether 30.14%, Solana 29.69%, Cardano 17.96%, Avalanche 7.69%, Hedera 7.41% and Sui 7.11%.
1. DEFG Fund First Quarter Rebalance
Grayscale sold Aerodrome Finance and proportional existing assets in the DEFG Fund, redeploying proceeds to raise Ethena to 13.59%. The updated portfolio now comprises Uniswap at 35.22%, Aave at 21.36%, Ondo at 19.83%, Curve at 5.27% and Lido DAO at 4.73%.
2. GSC Fund Portfolio Adjustment
The Smart Contract Fund was reweighted under its capped index methodology, resulting in holdings of Ether at 30.14%, Solana at 29.69%, Cardano at 17.96%, Avalanche at 7.69%, Hedera at 7.41% and Sui at 7.11%.
3. Expense Distribution Mechanism
Neither fund generates income; both distribute underlying tokens to cover ongoing expenses, causing the share-represented component balances to decline gradually over time.
