Crypto asset management company Grayscale has announced that it has completed its fund rebalancing process for the first quarter of 2026. The company has updated both its DeFi Fund and Smart Contract Fund portfolios in accordance with the CoinDesk index methodologies.
Grayscale has announced a major change to its DeFi Fund. Aerodrome Finance (AERO) was removed from the fund’s portfolio and the proceeds were used to buy Ethereum ($ENA).
As of May 1, 2026, the portfolio allocation of the Grayscale DeFi Fund is as follows:
- Uniswap ($UNI) – 35.22%
- Aave (AAVE) – 21.36%
- Ondo (ONDO) – 19.83%
- Ethereum ($ENA) – 13.59%
- Curve (CRV) – 5.27%
- Lido DAO (LDO) – 4.73%
So Ethereum ($ENA) has officially been included in Grayscale’s DeFi-focused investment fund. Uniswap ($UNI) retained its highest weighting in the portfolio, at over 35%.
On the other hand, Grayscale has also completed the rebalancing process for its Smart Contract Fund. As of May 1, 2026, the asset allocation within the Smart Contract Fund is as follows:
- Ethereum (ETH) – 30.14%
- Solana (SOL) – 29.69%
- Cardano (ADA) – 17.96%
- Avalanche (AVAX) – 7.69%
- Hedera (HBAR) – 7.41%
- Sui (SUI) – 7.11%
Data shows that Ethereum and Solana together represent about 60% of Grayscale’s smart contract platform-focused fund, while Cardano continues to hold its share in double digits.
*This is not investment advice.