JUST IN: Grayscale Announces Adding This Altcoin To Its DeFi Fund!
TL;DR Grayscale announced that it has added Lido Dao (LDO) to its DeFi fund with a 19.04 percent weighting. There was no significant price increase in LDO after the news. The other altcoins included in Grayscale's DeFi fund are UNI, AAVE, MKR, CRV, and SNX.
LDO's weight in the fund was determined as 19.04 percent.
🧵NEW FOR Q3: $LDO joins Grayscale DeFi Fund. Read on for new weightings for Grayscale DeFi Fund $DEFG along with Grayscale Digital Large Cap Fund $GDLC and Grayscale Smart Contract Platform Ex-Ethereum Fund #GSCPXE in connection with routine quarterly reviews. — Grayscale (@Grayscale) July 7, 2023
After the news, there was no significant increase in the price of LDO.