Grayscale sold Uniswap and NEAR in its DeFi and AI funds, and bought BNB in the Smart Contract fund. BNB now tops Smart Contract at 30.6%, Uniswap leads DeFi at 34.16%.
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Grayscale Investments has completed its second-quarter 2026 rebalancing across three multi-asset funds: the DeFi Fund, the Smart Contract Fund, and the Decentralized AI Fund. The Stamford, Connecticut-based firm said the changes align with each fund's index methodology.
In the DeFi Fund, Grayscale sold Uniswap holdings from its active purchase basket and redirected the proceeds to other existing components based on proportional weightings. After the adjustment, Uniswap still held the largest position at 34.16%. Ondo followed at 25.44%. The remaining allocation went to Aave, Ethena, Curve, and Lido DAO, each with smaller shares.
The Smart Contract Fund saw a shift in its top holding. Grayscale sold portions of existing components proportionally and used the cash to buy BNB. That pushed BNB to 30.6% of the fund. Ether came next at 29.47%, and Solana nearly matched at 29.15%. Smaller allocations went to Cardano, Hedera, Avalanche, and Sui, which together accounted for less than 11% of the fund. The fund follows the CoinDesk Smart Contract Platform Select Capped Index.
Grayscale also adjusted the Decentralized AI Fund. The firm sold NEAR Protocol holdings and reinvested the proceeds across remaining components. NEAR still led the fund with a 31.35% weighting after the transaction. Bittensor held 29.15%, Render 21.59%, and Filecoin 17.91%. These four assets now make up the entire AI Fund. Unlike the other two funds, the AI Fund follows a methodology set directly by Grayscale, giving the company flexibility to add or remove components each quarter.
Neither the DeFi fund nor the Smart Contract fund generates income for shareholders. Both regularly distribute fund components to cover operational expenses, which means the number of underlying assets per share gradually declines. The AI Fund operates under a similar structure.
All weighting figures reflect end-of-day valuations recorded on August 3, 2026. Grayscale said investors cannot directly invest in the underlying indexes and directed interested parties to its official website for more details.
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