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Grayscale Ethereum Trust (ETH) (OTCMKTS: ETHE) and Coin Desk Indexes Announce Launch of Decentralized Finance (DeFi) Fund and Index

Grayscale Ethereum Trust (ETH) (OTCMKTS: ETHE) has partnered with Coin Desk Indexes and has announced the launch of Grayscale® Decentralized Finance (DeFi) Fund. While the former is known as the global leader in digital currency asset management, the latter, the subsidiary of CoinDesk Inc., is counted as one of the most reliable platforms for the growing chunk of the global community engaged in transforming the financial system and the emerging crypto economy. As a result, the two announced the CoinDesk DeFi Index and Grayscale® Decentralized Finance (DeFi) Fund, a diversified investment product.

Information about the newly launched diversified investment fund and index

With the Grayscale DeFi Fund, investors will gain access to a particular selection of industry-leading DeFi protocols through a market-capitalization portfolio designed and created to track the CoinDesk DeFi Index. A source shared that The Grayscale DeFi Fund is Grayscale Ethereum Trust’s is fifteenth investment product besides being the second diversified fund offered by the company. The fund is open to the public. Eligible individual and accredited institutional investors can subscribe to the fund. The CoinDesk DeFi Index is created to offer a broad-based, benchmark representation of DeFi protocols.

Reactions pour in from officials

Stating that Grayscale continues to work to create opportunities for investors and giving them a chance to access new portions of the digital asset ecosystem, Grayscale Investments CEO Michael Sonnenshein stated that the company is happy to offer its investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures.

Meanwhile, Managing Director of CoinDesk Indexes Jodie Gunzberg stated that the partnership paves the way for creating a platform for institutional-grade digital currency indexes. With the growing demand for innovative solutions within decentralized finance, It is important that the investing community has access to tools capable of delivering calculated exposure to the area of innovation. Managing Director Gunzberg added that the partnership would allow investors to access solutions required to get the necessary exposure to decentralized finance into their portfolios.