Grayscale Investments Revitalizes Crypto Funds: ONDO and HBAR Join Key Portfolios

Key Points

1. Grayscale Investments announced its second-quarter 2025 fund review, adding Ondo (ONDO) to its DeFi Fund (DEFG) and Hedera (HBAR) to its Smart Contract Platform Fund (GSC), while removing Polkadot (DOT).

2. ONDO's inclusion highlights Grayscale's interest in the real-world asset (RWA) tokenization space, signaling long-term value in the DeFi ecosystem.

3. HBAR's addition to the GSC fund reflects Grayscale's strategic shift towards assets with high transaction speeds, low fees, and enterprise-grade security, replacing DOT.

4. These adjustments indicate Grayscale's evolving investment thesis, prioritizing projects with robust use cases, regulatory clarity, and integration with traditional finance.

5. The rebalancing underscores the maturation of the DeFi space, moving from experimental protocols to tangible, compliant applications like tokenized U.S. Treasuries.