Grayscale Investments Adds Cardano to Smart Contract Fund

Grayscale Investments has announced the inclusion of Cardano (ADA) in its Smart Contract Fund, which also features Ethereum, Solana, Avalanche, Sui, Near, and Polkadot.

Fund Distribution

• Solana (SOL): 31.3%
• Ethereum (ETH): 31.22%
• Cardano (ADA): 18.23%
• Avalanche (AVAX): 7.26%
• Sui: 6.50%
• Near: 2.95%
• Polkadot (DOT): 2.54%

The fund uses a market cap-weighted approach with a 30% cap on any single asset to maintain balance during quarterly rebalancing.

> Grayscale Smart Contract Fund now includes Ethereum, Solana, Cardano, Avalanche, Sui, Near, and Polkadot. The Fund, which rebalances quarterly, is market cap-weighted and subject to a 30% cap upon each rebalance. #ethereum $SOL $ADA $AVAX $SUI $NEAR $DOT
>
> Available to eligible… pic.twitter.com/NLpANn0cjZ
> — Grayscale (@Grayscale) February 28, 2025

Fund Overview

Grayscale’s Smart Contract Platform Fund allows investors to gain exposure to various blockchain ecosystems without direct ownership or the risks associated with storing digital assets. Grayscale retains the right to exclude certain assets when necessary.

Current metrics include:
– NAV per share: $10.44
– Daily increase: 0.19%
– Total assets under management: $3,230,325.87
– Shares outstanding: 309,400

Significance of Cardano’s Inclusion

Cardano’s addition marks a key moment for institutional investors taking interest in ADA, particularly recognizing its advancements in smart contracts. Known for its emphasis on scalability and security, Cardano’s profile is particularly boosted with an ADA ETF expected soon, solidifying its position in a sector historically led by Ethereum.