Grayscale rebalanced its Smart Contract Fund in Q2, elevating BNB to 30.6% weighting ahead of ETH and SOL.
Regulation & Gov ·
Grayscale's second-quarter rebalancing of its Smart Contract Fund elevated BNB to the fund's largest single position at 30.6% weighting, according to reporting on the change. Ether and Solana followed at 29.47% and 29.15% respectively, marking a shift in the fund's relative allocation among its three core holdings.
Adjustments across Grayscale's other tracked funds included a reduction in Uniswap exposure within the DeFi Fund, though UNI retained the top weighting in that vehicle at 34.16%. The Decentralized AI Fund also trimmed its NEAR position while maintaining it as the fund's leading holding at 31.35%.
The rebalancing reflects shifts in the asset manager's positioning across smart contract platforms and thematic crypto sectors. The specific allocation changes and their timing relative to broader market conditions remain unstated in available reporting.