- Grayscale has added seven new cryptocurrencies to its Smart Contract Platform Fund, expanding investor exposure.
- Solana leads the fund with a 31.30% allocation, narrowly surpassing Ethereum at 31.22%.
- The fund follows a market cap-weighted model but limits any single asset to a maximum of 30%.
Grayscale Investments has ramped up its Smart Contract Platform Fund, bringing seven new cryptocurrencies into the mix, widening its exposure to the ever-evolving blockchain space.
According to an update from the firm on X (formerly Twitter), “Grayscale Smart Contract Fund now includes Ethereum, Solana, Cardano, Avalanche, Sui, Near, and Polkadot.” The fund undergoes a rebalancing process every three months, allowing Grayscale to tweak its holdings based on market movements and asset performance.
Grayscale Expands Smart Contract Fund With 7 New Tokens
This fund offers investors a way to gain exposure to smart contract platforms without the hassle of directly purchasing and securing these digital assets. Instead, they can simply buy shares in the fund, avoiding the complexities of setting up wallets or keeping track of private keys—a game-changer for those looking for streamlined crypto exposure.
Among the latest additions, Solana currently holds the largest allocation in the fund at approximately 31.30%, slightly edging out Ethereum at 31.22%. Cardano follows with a solid 18.23% allocation, trailed by Avalanche (7.26%), Sui (6.50%), Near (2.95%), and Polkadot (2.54%).
The fund operates on a market cap-weighted model, meaning assets with higher valuations take up a larger portion of the portfolio. However, there’s a cap in place—no single asset can exceed 30% of the fund, ensuring a balanced and diversified exposure for investors.
Grayscale’s move signals continued institutional interest in smart contract platforms, reinforcing the growing demand for diversified crypto investment strategies.
