Grayscale Updates Fund Composition: Adds SUI, CRV, and LPT

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Grayscale, one of the leading digital asset management firms, has announced a strategic rebalancing of its investment funds, introducing key altcoins such as SUI, CRV, and LPT into its portfolios. This latest move reflects the firm’s ongoing commitment to diversifying exposure across high-potential blockchain ecosystems, including decentralized finance (DeFi), smart contract platforms, and AI-driven decentralized networks.

The updates, effective as of January 8, 2025, mark a significant shift in asset allocation across multiple Grayscale funds, signaling confidence in emerging sectors within the cryptocurrency market.

Strategic Rebalancing Across Key Funds

Grayscale has fine-tuned the composition of several of its flagship products to better align with current market dynamics and technological advancements in the blockchain space.

Grayscale Decentralized AI Fund

The Decentralized AI Fund now includes a robust mix of assets powering artificial intelligence on blockchain infrastructure. The updated holdings feature:

This inclusion underscores the growing synergy between decentralized compute networks and machine learning applications. By integrating LPT — a protocol enabling decentralized video streaming and processing — Grayscale is positioning the fund at the intersection of AI and media infrastructure.

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Grayscale DeFi Fund (DEFG)

In a notable update, the DeFi Fund has added Curve DAO Token (CRV) while removing Synthetix (SNX) from its portfolio. This shift highlights a strategic pivot toward protocols with strong liquidity depth and stablecoin-centric yield mechanisms.

The current DEFG composition includes:

CRV’s addition reinforces Grayscale’s focus on DeFi blue chips that underpin the backbone of decentralized exchanges and automated market makers. Curve Finance remains a dominant force in low-slippage stablecoin trading, making it a compelling long-term holding amid rising demand for efficient on-chain liquidity solutions.

Grayscale Digital Large Cap Fund (GDLC)

The GDLC fund has welcomed Cardano (ADA) into its basket while phasing out Avalanche (AVAX). This realignment adjusts for performance trends and ecosystem maturity across major layer-1 blockchains.

The updated GDLC now consists of:

ADA’s reintroduction follows renewed developer activity and scaling upgrades within the Cardano ecosystem, including advancements in smart contract functionality and dApp deployment.

Smart Contract Platform Ex-Ethereum Fund (GSCPxE)

Grayscale’s GSCPxE Fund — designed to provide exposure to smart contract platforms outside Ethereum — has added Sui (SUI) to its lineup. The fund now holds:

SUI’s integration highlights investor interest in high-throughput, object-centric blockchains leveraging the Move programming language. With its innovative consensus mechanism and growing DeFi and gaming ecosystem, Sui represents a forward-looking bet on scalable web3 infrastructure.

Asset Weightings and Market Implications

As of January 8, 2025, Grayscale disclosed per-share asset holdings across its funds, offering transparency into proportional exposures:

The slight reduction in SOL’s weighting corresponds with broader market consolidation observed in December 2024, following a strong rally earlier in the year. Despite this adjustment, Solana remains the dominant component, reflecting sustained confidence in its network performance and developer traction.

Grayscale’s total assets under management now stand at $4.85 billion, demonstrating continued institutional appetite for regulated crypto investment vehicles.

Market Outlook and Regulatory Sentiment

In a recent statement, Grayscale expressed optimism about the evolving regulatory landscape under the new U.S. administration. The firm anticipates that clearer crypto regulations and supportive legislative frameworks could catalyze mainstream adoption and institutional inflows throughout 2025.

Additionally, Grayscale identified DeFi-related assets as particularly promising, citing their role in redefining financial intermediation through permissionless innovation. Protocols like Curve Finance and Livepeer are seen as foundational to next-generation financial and computational infrastructure.

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Frequently Asked Questions

Why did Grayscale add SUI to its funds?

Grayscale added Sui due to its high-performance architecture, innovative use of the Move language, and growing ecosystem in gaming and DeFi. Its scalability makes it a strategic addition to smart contract-focused portfolios.

What does CRV’s inclusion in DEFG mean for DeFi investors?

Adding CRV signals confidence in stablecoin-oriented DeFi protocols with deep liquidity. Curve Finance plays a critical role in efficient token swaps, especially for pegged assets, making it a core component of mature DeFi strategies.

Why was SNX removed from the DeFi Fund?

While Synthetix remains influential in synthetic asset creation, Grayscale likely prioritized assets with stronger short-term liquidity metrics and lower systemic risk exposure. Portfolio rebalancing often involves rotating out lower-performing or higher-volatility holdings.

Is ADA’s return to GDLC significant?

Yes. ADA’s re-entry reflects renewed momentum in the Cardano ecosystem, including improved smart contract tooling and increasing dApp activity. It also diversifies layer-1 exposure beyond Ethereum and Solana.

How often does Grayscale rebalance its funds?

Grayscale typically reviews fund compositions quarterly but may make adjustments more frequently based on market conditions, liquidity, and technological developments.

Does this rebalancing indicate bullish sentiment for 2025?

Overall, yes. The additions of SUI, CRV, and LPT suggest a bullish outlook on scalable blockchains, DeFi fundamentals, and AI-integrated networks — all seen as growth drivers for the next crypto cycle.

Final Thoughts

Grayscale’s latest fund updates demonstrate a nuanced understanding of blockchain evolution. By incorporating SUI, CRV, and LPT while refining exposures across SOL, ADA, and AVAX, the firm is actively shaping portfolios that reflect both technological promise and market resilience.

For investors seeking regulated exposure to altcoins beyond BTC and ETH, these changes offer valuable insight into institutional-grade asset selection.

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