Grayscale Bolsters Stake in Cardano Amid Institutional Adoption

Grayscale's recent investment in Cardano (ADA) has sent shockwaves through the crypto market, with the asset's price struggling to maintain above the $0.26 demand zone. Despite the retail market sentiment hitting record lows, institutional players continue to acquire more assets.

The Smart Contract Fund, managed by Grayscale, has raised its stake in ADA from 18.5% at the beginning of 2026 to 20.34%. This makes Cardano (ADA) the third largest asset in the fund, after Solana's native coin and Ethereum.