Cardano News: Grayscale Smart Contract Fund's latest rebalancing, ADA allocation rises to 18.55%, becoming the third-largest asset

Digital asset management giant Grayscale recently announced its latest quarterly rebalancing results. Cardano (ADA) now accounts for 18.55% of the Grayscale Smart Contract Fund (GSC), making it the third-largest holding in the fund, behind Ethereum and Solana. This adjustment further highlights the continued institutional interest in the Cardano smart contract ecosystem.

According to information disclosed by Grayscale, this rebalancing was completed after the close on January 6, 2026, and is a routine portfolio adjustment based on the underlying index methodology. The update involves three major products: the Grayscale Smart Contract Fund, the Decentralized Finance Fund, and the Decentralized Artificial Intelligence Fund. The adjustment process follows the rules of the CoinDesk Smart Contract Platform Select Cap Index.

In the latest weight distribution, Solana and Ethereum occupy the top two positions with 29.55% and 29%, respectively, while Cardano’s 18.55% allocation significantly leads other mainstream smart contract platforms. The weights of Sui, Avalanche, and Hedera are 8.55%, 7.66%, and 6.69%, respectively, indicating that ADA remains in the first tier of the smart contract race.

The market generally believes that this allocation reflects institutional long-term confidence in Cardano’s smart contract infrastructure. Although Cardano’s overall ecosystem activity and adoption rate still lag behind Ethereum and Solana, its academically driven, security-focused, and scalable technical approach makes it an important choice for institutions seeking diversification.

Cardano was launched in 2017 and officially introduced smart contract functionality through the Alonzo hard fork in 2021, at which point ADA’s price soared to a historic high of $3.10. Since then, the network has undergone multiple upgrades, including the Vasil hard fork, continuously optimizing smart contract performance and development efficiency.

It is worth noting that Grayscale included ADA in its Smart Contract Fund as early as March 2022, with an initial weight of up to 24.63%. Although its current proportion has decreased, Cardano remains an important component of several Grayscale products, including the Digital Large Cap Stock ETF (GDLC). Meanwhile, Grayscale is also advancing its layout for Cardano spot ETFs, further strengthening ADA’s position within the institutional investment framework.