Grayscale's fund provides American investors a unique opportunity to invest in promising smart contract platforms, excluding Ethereum from its portfolio.
Top Three Holdings: Solana, Cardano, and Avalanche
Leading the fund's assets is Solana (SOL) with a 55.22% share. Recent announcements include the launch of Solana Seeker and a Web3 mobile device, alongside ZK Compression, offering 1,000x cost savings for developers. Next is Cardano (ADA) at 20.82%, known for its focus on scalability and sustainability, with key announcements like collaboration with World Mobile to expand connectivity. Third is Avalanche (AVAX) at 9.52%, a high-speed blockchain platform making strides through partnerships with major enterprises.
More About Grayscale’s Smart Contract Fund
Sui (SUI), with a 7.93% weight, gains traction for its focus on user experience and security. Sui’s blockchain development supports high-performance decentralized apps with a focus on improving developer tools. Quote: “We rebalanced and updated the components of our funds, including Grayscale Smart Contract Platform Ex-Ethereum Fund” — Grayscale [January 8, 2025].
Additional Assets in the Fund
Also featured are NEAR Protocol (NEAR) at 3.85%, known for its accessible blockchain technology, and Polkadot (DOT) at 2.66%, which connects multiple blockchains into a unified network. Both projects have made announcements about improving interoperability and expanding their ecosystems.
Grayscale's ex-Ethereum fund highlights new opportunities for investors in blockchain technologies, offering diversification and involvement in emerging platforms.
