Ethena (ENA) already represents 13.59% of the Grayscale Decentralized Finance Fund.
To add ENA, the fund sold its position in Aerodrome Finance and rebalanced the portfolio.
Grayscale added ethena (ENA) to its Grayscale Decentralized Finance Fund, a fund aimed at giving exposure to assets in the decentralized finance (DeFi) sector.
The manager reported this May 6, 2026 that The adjustment is part of its review corresponding to the first quarter of the current year.
It should be noted that ENA is the token of the Ethena protocol, known for the development of USDe, a synthetic digital asset linked to the dollar, as reported by CriptoNoticias.
To include this asset, Grayscale sold its holdings in aerodrome finance (AERO)the token of a decentralized exchange and liquidity provision protocol built on the Base network.
At the close of May 1, 2026, Grayscale’s DeFi fund was composed of uniswap (UNI), with a weighting of 35.22%; aave (AAVE), with 21.36%; ondo (ONDO), with 19.83%; ENA, with 13.59%; curve (CRV), with 5.27%; and lido damage (LDO), with 4.73%.
After knowing the incorporation, ENA had a price increase. If the increase in the last 7 days is taken into account, this reaches 17%reflecting a positive market reaction to its inclusion within the Grayscale product.
The Grayscale adjustment was carried out in accordance with the methodology of the CoinDesk DeFi Select Index, an index that serves as a reference to select and weight representative assets of the DeFi sector. In practice, Grayscale uses this methodology to define which assets are part of the fund and what weight each one has within the portfolio.
Grayscale also updated the composition of its Smart Contract Fund, oriented to smart contract networks. As of May 1, that fund was made up of ether (ETH), with 30.14%; solana (SOL), with 29.69%; cardano (ADA), with 17.96%; Avalanche (AVAX), with 7.69%; hedera (HBAR), with 7.41%; and sui (SUI), with 7.11%.
The manager clarifies that Both funds periodically distribute part of their components to cover operating expenses, so the amount of assets represented by each share may decrease over time.