Grayscale Rebalances First-Quarter 2026 Funds, Adds Ethena and Drops Aerodrome From DeFi Fund

Suehyeon Lee

Summary

Grayscale adjusted the holdings in its DeFi fund through its first-quarter 2026 rebalancing.
It removed Aerodrome Finance (AERO) from the DeFi fund and added Ethena (ENA), leaving the portfolio composed of UNI, AAVE, ONDO, ENA, CRV and LDO.
The Smart Contract Fund was also rebalanced based on the existing weightings of its holdings, and it includes ETH, SOL, ADA, AVAX, HBAR and SUI, among others.

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Grayscale has adjusted the holdings in its decentralized finance, or DeFi, fund as part of its first-quarter 2026 fund rebalancing.

Wu Blockchain reported on May 6 that Grayscale removed Aerodrome Finance (AERO) from the DeFi fund and added Ethena (ENA). The fund now consists of Uniswap (UNI), Aave (AAVE), Ondo Finance (ONDO), Ethena (ENA), Curve (CRV) and Lido (LDO).

Grayscale also rebalanced its Smart Contract Fund based on the existing weightings of its holdings. The fund includes Ethereum (ETH), Solana (SOL), Cardano (ADA), Avalanche (AVAX), Hedera (HBAR) and Sui (SUI), among others.