BNB Takes Top Spot in Grayscale's Smart Contract Fund

Grayscale Investments has reshuffled its Smart Contract Fund and Binance's native token, BNB, now holds the top spot with a 30.6% allocation.

This move pushes Ethereum and Solana to second and third place respectively in the fund.

The rebalancing comes after Grayscale's second-quarter portfolio review, where it reduced exposure to existing holdings to add more funds for BNB.

Cardano saw one of the biggest cuts in the process, dropping from 4.88% to an unspecified lower percentage.