Grayscale Investments and CoinDesk Indexes launch DeFi Funds and Index

Velishchuk/iStock via Getty ImagesThe digital currency asset manager, Grayscale Investments and Coindesk Indexes, a subsidiary of CoinDesk, launch the Grayscale Decentralized Finance Fund, a diversified investment product, and the CoinDesk DeFi Index.The Fund is now open for daily subscription by eligible individual and institutional accredited investors.The Grayscale DeFi Fund is a market-cap weighted portfolio designed to track the CoinDesk DeFi Index; it's Grayscale's fifteenth investment product, and its second diversified fund offering.The Grayscale Bitcoin Trust (GBTC) is also a publicly traded fund, which is down almost 5% as Bitcoin (([[BTC-USD]] -1.7%)) tests $30K support.The CoinDesk DeFi Index aims to provide a broad-based, benchmark representation of DeFi protocols; it includes liquid DeFi assets on a market-cap weighted basis.As of July 1, some of the Index's largest assets include Uniswap (UNI-USD) (49.95% weighting), Aave (10.25%), Compound (COMP-USD) (8.38), and Curve (7.44%)Previously (July 13), Grayscale hires BNY Mellon for asset services ahead of