Grayscale Strengthens Cardano Allocation in Smart Contract Fund

Grayscale has made significant adjustments to its Smart Contract Fund, which now holds an allocation of 20.2% to Cardano (ADA). This latest move reflects growing institutional confidence in the cryptocurrency's long-term potential as both a smart contract platform and foundational blockchain infrastructure.

The fund's rebalancing saw ADA surpass Hedera, Avalanche, and Sui in ranking, cementing its position as one of the top components. Grayscale has steadily increased ADA's weighting over recent months, from 18.55% to its current level.

Meanwhile, the fund's assets under management (AUM) stand at $1.8 million, with a net asset value per share of $5.81 and 310,500 outstanding shares. Grayscale is also exploring the possibility of launching a standalone spot ETF for ADA, pending regulatory approval.