Key Points
- Grayscale expanded Cardano’s position within its Smart Contract Fund to 20.2 percent through systematic rebalancing adjustments.
- ADA began the year with an 18.55% allocation and received multiple upward adjustments throughout recent months.
- The asset holds the third position within the SCPXC Fund, trailing Solana and Ethereum in portfolio composition.
- Smaller allocations go to Hedera, Avalanche, and Sui, with Cardano maintaining a larger share than these platforms.
- Total assets under management for the Smart Contract Fund stand at $1.8 million with a net asset value of $5.81.
Grayscale expanded Cardano’s position within its Smart Contract Fund through recent rebalancing activities that demonstrated progressive growth throughout the year, with multiple portfolio adjustments contributing to the shift. This change elevated ADA’s standing among fund components.
ADA Weighting Climbs to 20.2% in SCPXC Portfolio
Grayscale increased ADA’s allocation through multiple adjustments this year, with current data revealing a 20.2% weighting. The progression began at 18.55% before advancing to 19.50%, then moving to 19.55%.
Subsequent adjustments brought the allocation to 20.07%, followed by a peak of 20.34% before settling at the current level. These changes maintained ADA’s third-place ranking within the fund, positioned after Ethereum and Solana.
Grayscale noted that its Smart Contract Fund maintains a diversified composition, with adjustments stemming from regular quarterly evaluations. The firm emphasized, “We apply our index rules without exceptions,” describing its methodology for asset selection.
SCPXC displays its current structure based on the CoinDesk Smart Contract Platform Select Capped Index, designed to monitor prominent blockchain platforms. Current allocations show Solana at 28.53% and Ethereum at 28.39%.
Hedera commands 8.51% of the index, while Avalanche represents 7.52% and Sui accounts for 6.85%. This arrangement positions ADA above Hedera, Avalanche, and Sui in the portfolio hierarchy.
Current fund metrics indicate $1.8 million in assets under management alongside a net asset value of $5.81. Outstanding shares total 310,500.
Cardano Expands Position Among Smart Contract Platforms
Cardano’s growing allocation demonstrates its sustained relevance within the smart contract sector, with the platform implementing significant upgrades following the 2021 launch of its contract functionality. The Alonzo upgrade brought expanded network capabilities.
The Vasil upgrade delivered additional performance enhancements, providing developers with expanded toolsets. These network improvements preceded the weighting increases.
The token maintains its position among leading assets within SCPXC tracking, with index methodology determining inclusion levels. Each adjustment follows established criteria.
Earlier this month, Grayscale withdrew ADA from the CoinDesk Crypto 5 ETF following a determination that listing requirements were unmet. This decision remained separate from ADA’s SCPXC status.
The company explained that ETF modifications aligned with index partner specifications, occurring during standard review procedures. The asset manager emphasized that all processes follow rule-based frameworks.
Grayscale maintains its pursuit of a dedicated ADA spot ETF, with the application currently under SEC evaluation. The proposed investment vehicle remains in regulatory review.
Current weighting data reflects Grayscale’s most recent disclosure as the firm continues reporting index modifications. The fund displays ADA at 20.2% according to the latest rebalancing update.
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