Cardano Allocation in Grayscale Smart Contract Fund Soars to 20.2%

Crypto asset manager Grayscale continues to strengthen Cardano position within its Smart Contract Fund, steadily increasing ADA’s weighting over recent months. 

This consistent rise highlights institutional confidence in Cardano’s long-term potential as both a smart contract platform and a foundational blockchain infrastructure. 

Moreover, the strategic shift aligns with a broader industry trend in which institutional investors are actively reassessing portfolio exposure across top funds. 

Key Points 

• Grayscale continues to increase Cardano’s weighting in its Smart Contract Fund, signaling stronger institutional confidence in ADA. 
• ADA’s allocation has increased from 18.55% to 20.20% since this year. 
• It currently ranks third among components, surpassing Hedera, Avalanche, and Sui. 
• The fund currently has AUM of $1.8 million and a net asset value of $5.81. 

Grayscale Steadily Increases ADA’s Allocation in SCPXC

Grayscale’s latest portfolio adjustment in its Smart Contract Fund, now rebranded as The CoinDesk Smart Contract Platform Select Capped Index (SCPXC), marks another important milestone for Cardano. 

In early January, Grayscale completed its quarterly rebalancing across several funds and revealed updated component weightings. At that time, the firm assigned an 18.55% allocation to ADA within SCPXC.

Subsequently, Grayscale increased ADA’s share from 19.50% to 19.55% in mid-February. Shortly afterward, the firm raised the weighting again to 20.07%. On February 20, ADA’s allocation climbed further to 20.34%, before slightly retracing to 20.20% at press time. 

ADA Remains Third Largest Component 

Despite this minor pullback, ADA remains the third-largest holding in the portfolio, ranking only behind Solana (SOL) and Ethereum (ETH), commanding dominant weightings of 28.53% and 28.39%, respectively. 

Meanwhile, Grayscale distributes the remaining exposure across Hedera (HBAR) at 8.51%, Avalanche (AVAX) at 7.52%, and Sui (SUI) at 6.85%, maintaining a diversified allocation across leading smart contract platforms. 

Fund Valuation 

Furthermore, as of February 3, the SCPXC fund had $1.8 million in assets under management (AUM), a net asset value (NAV) per share of $5.81, and 310,500 outstanding shares. 

ADA’s growing weighting in SCPXC highlights Cardano’s strong position in the smart contract sector. The network introduced smart contract functionality in 2021 through the Alonzo hard fork and has since enhanced the feature with upgrades such as Vasil.

Earlier this month, Grayscale removed ADA from its CoinDesk Crypto 5 ETF after the asset failed to meet inclusion criteria. Meanwhile, the asset manager is currently pursuing a standalone spot ETF for the token, pending SEC approval.