Grayscale boosts Cardano allocation in smart contract fund to 20.2%
February 24, 2026
Grayscale has recently made significant changes to its Smart Contract Fund, now known as The CoinDesk Smart Contract Platform Select Capped Index (SCPXC), by increasing Cardano’s (ADA) allocation to 20.2%. This adjustment reflects the growing institutional confidence in Cardano as a smart contract platform, positioning it as the third-largest component in the fund after Solana and Ethereum.
The latest data as of February 3 reveals that the SCPXC fund holds $1.8 million in assets under management, with a net asset value of $5.81 per share. Despite a slight decrease in ADA’s allocation from its earlier position of 18.55%, it continues to be a significant part of the portfolio alongside other assets such as Hedera, Avalanche, and Sui. Grayscale’s strategic decisions to enhance Cardano’s presence in its fund highlight a broader trend of institutional investors reevaluating their investments in the cryptocurrency sector.
Grayscale’s move to increase its allocation to Cardano signals a growing recognition of the platform’s potential as a key player in the smart contract space. With ongoing developments and improvements within the Cardano ecosystem, including the upcoming Alonzo hard fork enabling smart contract functionality, institutional investors are taking notice of the platform’s capabilities and long-term viability. This shift in investor sentiment towards Cardano suggests a positive outlook on the platform’s future performance and its ability to attract further institutional interest.
It is essential to note that Grayscale’s decision to adjust its Smart Contract Fund allocation aligns with the broader crypto market trends, where institutional players are increasingly diversifying their portfolios to include a wider range of digital assets beyond Bitcoin and Ethereum. The move towards including assets like Cardano, Solana, and other promising projects underscores the evolving landscape of digital asset investments and the growing importance of alternative cryptocurrencies in institutional portfolios.
As the cryptocurrency market continues to mature and expand, institutions are recognizing the potential for significant growth and innovation within the sector. By incorporating projects like Cardano into their investment strategies, institutional investors are not only diversifying their portfolios but also supporting the development of emerging blockchain technologies. The increased allocation to Cardano within Grayscale’s Smart Contract Fund reflects a strategic shift towards embracing a more diverse range of assets with strong potential for long-term growth and success in the digital asset space.
