Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for Fourth Quarter 2025

Core Viewpoint - Grayscale Investments has announced updated fund component weightings for its DeFi Fund, Smart Contract Fund, and Decentralized AI Fund as part of their fourth quarter 2025 reviews, reflecting adjustments in their portfolios based on respective index methodologies [1][2][3]. Fund Adjustments - The DEFG Fund's portfolio was adjusted by selling existing components in proportion to their weightings and using the proceeds to purchase components accordingly, with specific asset weightings detailed [2][6]. - The GSC Fund underwent a similar adjustment process, aligning its portfolio with the CoinDesk Smart Contract Platform Select Capped Index methodology [2][11]. - The AI Fund also adjusted its portfolio in accordance with its established methodology, selling and purchasing components based on their weightings [3][16]. Fund Characteristics - None of the DEFG, GSC, or AI Funds generate income, and they regularly distribute fund components to cover ongoing expenses, leading to a gradual decrease in the amount of fund components represented by shares over time [3][10]. - The DeFi Fund aims to provide exposure to leading decentralized finance platforms through a market cap-weighted portfolio designed to track the CoinDesk DeFi Select Index [9][10]. - The GSC Fund seeks to provide exposure to industry-leading smart contract platforms, also through a market cap-weighted portfolio, subject to a weightings cap [11]. Company Overview - Grayscale Investments is recognized as the largest digital asset-focused investment platform, with approximately $27.5 billion in assets under management as of September 30, 2025 [5][20]. - The company has a decade-long track record in the digital asset space, offering a range of investment products that provide single asset, diversified, and thematic exposure [20].