Grayscale Adds Ondo Token to DeFi Fund, Boosts Diversification

Grayscale Investments has recently rebalanced its DeFi Fund by adding the Ondo (ONDO) token, a move that underscores the firm's commitment to diversifying its crypto investments and adapting to market trends. This adjustment, made on July 7, 2025, reflects Grayscale's strategy of regularly updating its portfolio to capitalize on new opportunities within the decentralized finance space. The DeFi Fund now includes significant allocations in Uniswap (UNI) at 34.01%, Aave (AAVE) at 30.74%, and Ondo (ONDO) at 18.22%, along with other assets such as MakerDAO (MKR) at 6.69%.

The inclusion of Ondo in the DeFi Fund is a strategic decision aimed at enhancing the Fund’s performance and appeal. Ondo's unique position in the market, particularly its focus on tokenized treasury offerings and real-world asset narratives, makes it an attractive addition. This move is expected to increase Ondo's liquidity and visibility, potentially driving up token prices as institutional interest rises. Grayscale's decisions often lead to market confidence and activity in the selected assets, which could positively impact Ondo's market standing.

This rebalancing aligns with Grayscale's broader goal of diversifying its product offerings and catering to investor interests. The firm's focus on portfolio rebalancing helps it adapt to emerging technological trends, maintaining its prominence in the investment sphere. The addition of Ondo marks a continued adaptation to innovation trends in finance and technology sectors, highlighting opportunities and challenges ahead for crypto stakeholders. Monitoring these shifts provides insights into potential profitability and long-term implications in the dynamic digital asset landscape.

Grayscale's strategic moves in the second quarter of 2025 also include the addition of Hedera (HBAR) to its Smart Contract Fund and an increase in its holdings in Cardano (ADA). These adjustments reflect the firm's optimism about the future of these smart contract platforms and its pivot toward faster and scalable blockchain technologies. The inclusion of HBAR in the Smart Contract Fund, with a 5.8% weight, signals a shift toward high-throughput, low-latency platforms for decentralized applications. Ethereum (ETH) and Solana (SOL) remain the top holdings in the Smart Contract Fund, with 30% and 29% respectively, while Cardano's share has increased to 18.5%.

Grayscale's Bitcoin fund, under the ticker GBTC, has experienced significant outflows, but it still holds a considerable amount of BTC. The firm also manages the Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH), which have seen mixed inflows and outflows. These strategic reshufflings reflect a broader trend in the crypto market, where investors are increasingly diversifying their portfolios to include a mix of established and emerging digital assets. Grayscale's moves indicate a strong belief in the potential of ONDO, HBAR, and Cardano, positioning them for future growth in the rapidly evolving digital asset landscape.