BNB Surges Past ETH as Largest Holding in Grayscale Smart Contract Fund

Grayscale Investments has announced its second-quarter portfolio rebalance for the Smart Contract Fund, which has seen BNB take the top spot at 30.6% of the fund's holdings.

This move marks a significant shift in institutional interest towards the BNB Chain ecosystem, with Ethereum and Solana falling to second and third place respectively.

According to Grayscale's portfolio update, BNB has overtaken both Ether at 29.47% and Solana at 29.15%, marking its first inclusion in the fund.

The rebalance was conducted according to the methodology governing the underlying CoinDesk index rather than as a discretionary investment decision, and reflects the growing importance of the BNB Chain within the broader blockchain infrastructure landscape.