Grayscale Lifts Cardano Allocation to 20.2% in Updated Smart Contract Fund

TLDR

• Grayscale increased Cardano’s weighting in its Smart Contract Fund to 20.2 percent after several rebalancing updates.
• The fund previously assigned an 18.55% allocation to ADA at the start of the year and raised it multiple times.
• Cardano now ranks as the third-largest component in the SCPXC Fund behind Solana and Ethereum.
• Hedera, Avalanche, and Sui hold smaller portions of the fund while Cardano remains ahead of these assets.
• The Smart Contract Fund currently reports $1.8 million in assets under management and a net asset value of $5.81.

Grayscale raised Cardano’s weighting in its Smart Contract Fund as its latest rebalancing showed steady increases this year, and the change followed several updates across the portfolio. The move placed ADA higher in the list of components.

Grayscale Lifts ADA’s Weighting Within SCPXC

Grayscale increased ADA’s weighting several times this year, and the fund now shows a 20.2% allocation at press time. The firm raised the share after earlier adjustments lifted ADA from 18.55% to 19.50% and then to 19.55%.

The company updated the weighting again to 20.07%, and later to 20.34% before the slight move down. The allocation shift kept ADA in the third position behind Ethereum and Solana.

Grayscale stated that its Smart Contract Fund now carries a broader mix, and the adjustments follow its routine quarterly review. The firm said, “We apply our index rules without exceptions,” referencing its selection approach.

SCPXC continues to show its updated composition under the CoinDesk Smart Contract Platform Select Capped Index, and the structure tracks leading platforms. The fund shows weightings of 28.53% for Solana and 28.39% for Ethereum.

Hedera now holds 8.51% in the index, and Avalanche stands at 7.52% with Sui at 6.85%. The inclusion order keeps ADA ahead of Hedera, Avalanche, and Sui.

The fund lists $1.8 million in assets under management and presents a net asset value of $5.81. It also has 310,500 outstanding shares.

Cardano’s Share Grows in Smart Contract Exposure

Cardano’s share increase reflects its continued presence in the smart contract market, and the platform added upgrades since launching its contract features in 2021. The Alonzo upgrade expanded the network’s capabilities.

The Vasil upgrade improved performance further, and developers gained more options. The increased weighting followed these network advancements.

The token remains in the top group of assets tracked under SCPXC, and the index rules determine its inclusion level. Each update follows measured criteria.

Earlier this month, Grayscale removed ADA from the CoinDesk Crypto 5 ETF after it failed to meet listing rules. The removal did not affect ADA’s role in SCPXC.

The company said the ETF change reflected requirements set by the index partner, and the update followed routine review. The asset manager confirmed that processes remain rule-based.

Grayscale continues to pursue a standalone ADA spot ETF, and the filing awaits SEC review. The proposed product remains under regulatory consideration.

The new weighting figures represent the latest available update from Grayscale as the firm reports ongoing index changes. The fund shows ADA at 20.2% at the latest rebalancing.

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