Grayscale Boosts BNB in Smart Contract Fund

Grayscale Investments has made significant changes to its Smart Contract Fund and two other diversified crypto products. In its latest quarterly review, Grayscale added BNB (Binance Coin) at a weighting of 30.6%, giving it prominence in the portfolio ahead of ether and solana.

The addition of BNB was part of Grayscale's second-quarter review, which also saw the asset manager reduce exposure to Uniswap and NEAR across its Decentralized Finance Fund and AI-focused product.

As of August 3, BNB accounted for 30.6% of the Smart Contract Fund, with ether at 29.47% and solana at 29.15%. The remaining allocation was spread across other smart contract networks, each holding less than 5% of the portfolio.