Grayscale Expands Smart Contract Fund with 7 New Cryptos – Is Solana Overtaking Ethereum?

Jakarta, Pintu News – Grayscale Investments has just conducted a quarterly rebalancing of its Smart Contract Fund, adding seven major cryptocurrencies to its portfolio.

The move demonstrates the growing institutional exposure to smart contract-based digital assets, as well as reinforcing the dominance of Solana (SOL) which now outperforms Ethereum in the composition of these funds.

List of 7 New Crypto in Smart Contract Fund

In its latest update, Grayscale announced that its Smart Contract Fund now includes Ethereum (ETH), Solana (SOL), Cardano , Avalanche (AVAX), Sui (SUI), Near (NEAR), and Polkadot .

Read also: CME Group Unveils Solana Futures on March 17 – Is a SOL ETF Next?

The fund is designed with a market capitalization-based weighting system, which means that the greater the value of a crypto project, the greater its allocation in the fund. However, to maintain balance, Grayscale limits each asset to not exceed 30% of the total fund.

Investors can gain exposure to this crypto without having to buy and hold it directly. They can simply buy shares of the fund, eliminating the hassle of digital wallets and private key security that is often an obstacle in crypto investing.

Solana Overtakes Ethereum in Grayscale Portfolio

One of the biggest surprises in this rebalancing is that Solana is now the largest asset in the Smart Contract Fund, with an allocation of 31.30%, slightly higher than Ethereum at 31.22%.

The competition between Solana and Ethereum in the smart contract sector is intensifying. In recent months, Solana has managed to outperform Ethereum in transaction volume on its decentralized exchange (DEX) platform, thanks to high transaction speeds and lower gas fees.

Compared to Ethereum, which often has high transaction fees for small trades, Solana is more attractive to traders and developers who want to build crypto-based projects with better cost efficiency.

Also read: Avalanche and Rain Launch ‘Avalanche Card’, a Crypto-Powered Visa Card!

Grayscale’s Strategy in Expanding Crypto Exposure

Grayscale’s move to add more assets to its Smart Contract Fund demonstrates the company’s commitment to providing more diverse crypto investment instruments.

In addition to the Smart Contract Fund, Grayscale is also known to be filing an Exchange-Traded Fund (ETF) for Polkadot (DOT) and is awaiting approval from the US Securities and Exchange Commission (SEC).

With more investment firms proposing crypto-based ETFs, including those for Solana, Dogecoin , Cardano, and Litecoin (LTC), this trend shows crypto adoption is gaining acceptance in traditional finance.

Overall, Grayscale’s decision to add seven new cryptocurrencies to its Smart Contract Fund reflects the direction of the crypto market, with institutional investors increasingly looking beyond Bitcoin and Ethereum (ETH).

With Solana now taking a dominant position in these funds, competition in the smart contract sector is intensifying. If this trend continues, Solana could become one of the most dominant blockchains in the crypto ecosystem in the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Grayscale Expands Smart Contract Fund with Seven Major Cryptocurrencies. Accessed March 3, 2025.
• CryptoTimes. Grayscale Adds 7 More Cryptos to Its Smart Contract Fund. Accessed March 3, 2025.