{"id":6373,"date":"2021-07-19T14:55:49","date_gmt":"2021-07-19T13:55:49","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6373"},"modified":"2021-07-19T14:55:56","modified_gmt":"2021-07-19T13:55:56","slug":"grayscale-announces-its-first-defi-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/grayscale-announces-its-first-defi-fund\/","title":{"rendered":"Grayscale announces its first DeFi fund"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Grayscale Investments has set sail into the <a href=\"https:\/\/coinscreed.com\/staging\/bny-mellon-becomes-grayscales-bitcoin-trust-service-provider.html\" data-type=\"post\" data-id=\"6044\">decentralized finance space<\/a>, with the launch of its DeFi fund, this is apparently its debut in the increasing world of DeFi.<\/h5>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"706\" height=\"484\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Grayscale-announces-its-first-DeFi-fund.jpg\" alt=\"Grayscale announces its first DeFi fund\" class=\"wp-image-6374\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Grayscale-announces-its-first-DeFi-fund.jpg 706w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Grayscale-announces-its-first-DeFi-fund-300x206.jpg 300w\" sizes=\"(max-width: 706px) 100vw, 706px\" \/><\/figure><\/div>\n\n\n\n<p>Grayscale, the world's largest crypto asset manager, is expanding its crypto product offering with the launch of its new Defi Fund, which is the firm's first of its kind.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.google.com\/search?q=Grayscale+announces+its+first+DeFi+fund&source=lmns&bih=568&biw=1366&rlz=1C1SQJL_enNG889NG889&hl=en-GB&sa=X&ved=2ahUKEwi3_MXfoe_xAhUC8IUKHXaxApIQ_AUoAHoECAEQAA\" target=\"_blank\" rel=\"noopener\">crypto asset management is well-known for its investment funds in Bitcoin and other altcoins<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, but this would be their first foray into the thriving DeFi industry.<\/p>\n\n\n\n<p>The Grayscale Defi Fund would be the company's second diversified fund product. The new fund would be based on the Coindex Defi Index, which includes<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Uniswap (UNI), 49.95%<\/li><li><a href=\"https:\/\/coinscreed.com\/staging\/aave-pro-to-be-launched-this-july-promises-to-support-only-btc-eth-aave-and-usdc.html\" data-type=\"post\" data-id=\"4947\">Aave<\/a> (AAVE), 10.25%<\/li><li>Compound (COMP), 8.38%<\/li><li>Curve (CRV), 7.44%<\/li><li>MakerDAO (MKR), 6.49%<\/li><li>SushiSwap (SUSHI), 4.83%<\/li><li>Synthetix (SNX), 4.43%<\/li><li>Yearn Finance (YFI), 3.31%<\/li><li>UMA Protocol (UMA), 2.93%<\/li><li>Bancor Network Token (BNT), 2.00%<\/li><\/ul>\n\n\n\n<p>Accredited investors can gain exposure to the major Defi market through this vehicle. Eligible investors can subscribe to the funds on a daily basis.<\/p>\n\n\n\n<p>The funds' shares would be listed on a secondary market. Grayscale will produce its <a href=\"https:\/\/coinscreed.com\/staging\/ethereum-documentarys-funding-raises-1-9m-in-3-days.html\" data-type=\"post\" data-id=\"6368\">sixteenth overall investment<\/a> product.<\/p>\n\n\n\n<p>According to Grayscale Investments CEO Michael Sonnenshein,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cGrayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem. The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry.<br>We\u2019re proud to offer investors <a href=\"https:\/\/coinscreed.com\/staging\/sec-approves-grayscales-digital-large-cap-fund.html\" data-type=\"post\" data-id=\"5997\">exposure to DeFi through Grayscale\u2019s trusted, secure, and industry-leading<\/a> investment product structures.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments has set sail into the decentralized finance space, with the launch of its DeFi fund, this is apparently its debut in the increasing world of DeFi. Grayscale, the world&#8217;s largest crypto asset manager, is expanding its crypto product offering with the launch of its new Defi Fund, which is the firm&#8217;s first of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":6374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81,26,73],"tags":[1612,197,1611,541],"class_list":["post-6373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","category-cryptocurrencies","category-defi-news","tag-altcoins","tag-defi","tag-defi-fund","tag-grayscale"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Grayscale-announces-its-first-DeFi-fund.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6373"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6374"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}