Cardano’s allocation within Grayscale’s Smart Contract Fund has increased to 20.2%, making it the fund’s third-largest holding. The rebalancing moved ADA ahead of competing platforms Avalanche, Hedera, and Sui. The fund, which provides exposure to leading smart contract blockchains, currently reports assets under management of approximately $1.8 million.
Cardano’s weight has risen to 20.2% in Grayscale’s Smart Contract-focused investment product, where it is now the third-largest holding. This adjustment reflects Cardano’s relative strength among layer-1 smart contract platforms.
The fund gives exposure to leading smart contract platforms and periodically rebalances the portfolio based on market capitalization and other factors. Cardano now ranks behind only Solana and Ethereum in terms of portfolio weight within the fund.
The current assets under management of the Grayscale Smart Contract Fund are about $1.8 million. Its net asset value per share is valued at $5.81, according to the last update.
The changes in fund allocation may have an impact on investor perception, especially for those that follow institutional investment in digital assets. ADA’s added weight is occurring amidst an ongoing battle among layer-1 networks to woo developers and expand their ecosystems.
