Lido (LDO) becomes the second largest token in the Grayscale Defi-Fonds after adding through Grayscale

Lido (LDO) becomes the second largest token in the Grayscale Defi-Fonds after adding through Grayscale
Grayscale, one of the largest asset managers for cryptocurrencies, recently added Lido (LDO) to his defi fund. With this step, LDO becomes the second largest token in the Grayscale Defi-Fonds, just behind university.
Currently the GrayScale Defi Fund consists of various tokens, including 45.46 % university, 19.04 % LDO, 11.53 % AAVE (AAVE), 10.82 % Makerdao (MKR), 10.82 % Curve token DAO (CRV), 7.03 % Synthetix (SNX) and 6.12 % Steth. This portfolio was adjusted accordingly to make room for Lido. Grayscale sold a certain number of existing tokens based on their weighting and used the proceeds for the purchase of LDO.
lido is a liquid pilot service that offers special tokens to make the stake on the Ethereum platform cheaper. The product staking ETH (Steth) is enjoying growing popularity and is currently the seventh largest cryptocurrency. The positive development of Steth has reinforced the interest of investors in LDO, the governance token from Lido.
The Grayscale defi fund is one of the company's smaller products and manages a fortune of $ 3.1 million, in contrast to the flagship product Grayscale Bitcoin Trust (GBTC) with over $ 18 billion. Since its introduction in July 2021, however, the defi fund has recorded a decline of over 73 %.
Grayscale's decision to add Lido to his defi fund underlines the potential and the importance of the defi sector. It also shows the commitment of Grayscale to constantly check and adapt its portfolio in order to meet the changing market conditions and the wishes of investors.
It remains to be seen how the new addition from Lido to the Grayscale Defi Fund will affect its performance and the overall success of the fund. Nevertheless, this is an interesting step in the direction of a diversified and aspiring asset class, which continues to arouse enthusiasm and interest among investors.