Grayscale Touts Binance Coin as Top Smart Contract Bet
Grayscale's Smart Contract Fund has rebalanced its portfolio in favor of BNB (Binance Coin), giving it a 30.6% weighting, surpassing Ether and Solana. This move reflects institutional conviction in BNB's developer traction, fee-generating activity, tokenomics, and exchange integrations.
The fund also trimmed UNI in its DeFi Fund, while keeping it as the largest holding at 34.16%, and slightly reduced NEAR in its Decentralized AI Fund, with NEAR remaining at 31.35%. These adjustments suggest a methodical pruning rather than a loss of faith in either asset.
The new weightings signal that institutional interest in layer-1 chains is migrating towards BNB, which has deep exchange integrations and a mature DeFi landscape. This move complicates the default assumption that smart contract capital flows will rotate cleanly from Ethereum into Solana or other high-performance alternatives.