Grayscale® DeFi Fund

Grayscale® DeFi Fund

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private placement is offered on a periodic basis throughout the year and is currently closed.
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$ 0 m
Assets Under Management

-%

Trailing 12 Months

0 %
Since Inception

Overview

Benchmark Index Benchmark Composition

CoinDesk DeFi Index. For more information, visit: https://tradeblock.com/markets/dfx/

CUSIP

38965G107

ISIN

US38965G1076

Bloomberg

-

Inception Date

07/14/2021

Annual Fee

2.5%

AUM

$5,733,587**‡

Shares Outstanding

1,044,000‡

DeFi per share

--‡

Features

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Titled, auditable ownership through an investment vehicle

Shares are securities titled in the investor’s name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Publicly quoted

Grayscale intends to attempt to have Shares of new products quoted on a secondary market. However there is no guarantee that we will be successful.

Robust security and storage

The Fund’s constituents are stored in offline or “cold” storage with Coinbase Custody Trust Company, a fiduciary under 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940.

Supported by network of trusted, best-in-class service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Manager of Grayscale DeFi Fund. Financial statements for Grayscale DeFi Fund are audited annually by Friedman LLP.

Performance

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Holdings / Share **

At close as of 07/26/2021

$5.49
$ 0

Day Change

0.1002

Fund Components per Share‡

At close as of 07/26/2021

Uniswap
0.14146531 UNI
50.3% of Fund
Aave
0.00190025 AAVE
11.0% of Fund
Compound
0.00107260 COMP
8.1% of Fund
Curve
0.23826562 CRV
7.1% of Fund
MakerDao
0.00012980 MKR
6.4% of Fund
SushiSwap
0.03442248 SUSHI
5.7% of Fund
Synthetix Network Token
0.02093496 SNX
3.6% of Fund
Yearn Finance
0.00000527 YFI
3.0% of Fund
Universal Market Access
0.01748861 UMA
2.8% of Fund
Bancor Network Token
0.03352948 BNT
2.0% of Fund

Holdings / Share **

Returns (At close as of 07/26/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.1002
--
--
--
--
0.098

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

** Digital Asset Holdings per Share is calculated daily at 4pm ET, based on the Coindesk DeFi Index. For more information about how Digital Asset Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 07/14/2021

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

** Digital Asset Holdings per Share is calculated daily at 4pm ET, based on the Coindesk DeFi Index. For more information about how Digital Asset Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 07/14/2021

Investment Terms

Investment Objective

Shares are intended to reflect the value of the Fund Components as determined by reference to their respective Digital Asset Reference Rates and Fund Weightings, less fees and expenses

Benchmark Index Benchmark Composition

CoinDesk DeFi Index. For more information, visit: https://tradeblock.com/markets/dfx/

Investor Qualifications

Accredited Investors

Minimum Investment Requirement

$50,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

The Fund may from time to time incur certain extraordinary expenses, which are payable by the Fund

Performance Fee

0

Assets Under Management

$5,733,587**‡

Subscriptions

Daily

DeFi Holdings per Share ($)

Calculated and published on business days at 4:00pm New York time

Secondary Market Trading

Following a one-year holding period, Grayscale intends to attempt to have Shares of new products quoted on a secondary market. However there is no guarantee that we will be successful

Redemptions

Redemptions of shares are not currently authorized

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust, The Entrust Group, Alto IRA and others

Per-share DeFi Holdings

CUSIP

38965G107

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