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Grayscale Adds Lido to DeFi Fund, Making it Second Largest Asset

Grayscale has added Lido to its DeFi fund, becoming the second-largest asset with a 19.04% share. Lido's liquid staking service offers stETH, the seventh-largest cryptocurrency, which provides cheaper staking on Ethereum. However, Grayscale's DeFi fund has underperformed since its launch, with a significant decline of over 73% and only $3.1 million in assets, in contrast to Grayscale's Bitcoin Trust, which has over $18 billion. Lido met the requirements for CoinDesk's DeFi Select Index (DFX) and was officially included in July.

Bitcoin Bitcoin $99,026.92
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