Grayscale Cuts a DeFi Token From Its Fund as a New One Takes Over
Grayscale Investments has disclosed the new component weightings for its multi-asset funds as part of the Q1 2026 rebalancing. The asset manager has removed Aerodrome Finance (AERO) entirely from its Decentralized Finance (DeFi) Fund and added Ethena (ENA) at a 13.59% weight. Grayscale Drops AERO From DeFi Fund, Adds ENA in Q1 Rebalance According to the press release, Grayscale funded the ENA purchase by selling AERO and other existing components proportionally. AERO held a 5.36% weight before its full removal, ending its position in Grayscales flagship DeFi product. The altcoin was added during the Q3 2025 rebalancing and replaced MakerDAO (MKR). “The compositions of DEFG Fund and GSC Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider. Holdings and weightings of each Fund are subject to change. Investors cannot directly invest in an index,” the asset manager stated. Every quarter, we rebalance and update the components of our multi-asset funds: • Grayscale Decentralized Finance (DeFi) Fund • Grayscale Smart Contract Fund Read on for our Q3 updates ????⬇️ pic.twitter.com/FwusoOinpQ — Grayscale (@Grayscale) May 6, 2026 Meanwhile, Ondo (ONDO) recorded the biggest gain among retained holdings, climbing from 14.10% to 19.83%. Uniswaps