Grayscale Reveals New DeFi Fund & Index
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19 July
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Grayscale Investments, a cryptocurrency-focused management firm, has announced the launch of new investment product and index related to decentralized finance (DeFi). The so-called Grayscale DeFi Fund provides investors with exposure to a selection of industry-leading DeFi protocols, the firm said in a press release.

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"The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry," said Grayscale Investments CEO Michael Sonnenshein.

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Meanwhile, the CoinDesk DeFi Index will provide a broad-based, benchmark representation of DeFi protocols, Grayscale notes. The index includes DeFi assets based on their market capitalization like UNI, AAVE, SUSHI, COMP and etc. Nonetheless, the DeFi-focused index is not something the market has not seen before.

As iHodl earlier reported, one of the first pioneers among the cryptocurrency-focused hedge funds, EXANTE, streamlined the launch of Defix, a DeFI index which is following popular prediction markets startups in the blockchain industry.

The index is listed on NASDAQ under the ticker (DEFX) and includes blockchains like amoveo (VEO), 0x (ZRX), augur (REP) as well as a handful of other well-known projects like maker (MKR).

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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