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Grayscale Drops Polkadot, Adds Hedera to Smart Contract Fund

Grayscale Drops Polkadot, Adds Hedera to Smart Contract Fund

CryptotimesCryptotimes2025/07/09 13:55
By:Kenrodgers FabianGopal Solanky

In a substantial move, Grayscale has dropped Polkadot (DOT) from its Smart Contract Platform Fund and added Hedera (HBAR). The change is part of the firm’s regular rebalancing for this quarter. 

Hedera now carries a 5.8% weight in the fund. Meanwhile, top assets–including Ethereum (30.22%), Solana (29.87%), and Cardano (18.57%)—remain dominant. Grayscale sold Polkadot and other holdings proportionally to raise funds for the Hedera purchase. This switch shows a focus on networks with high speed and low transaction costs.

Grayscale Drops Polkadot, Adds Hedera to Smart Contract Fund image 0 Source: Grayscale

In addition, Grayscale brought Ondo Finance (ONDO) on board, which is now their third-largest holding at 18.22%, following Uniswap at 34.01% and Aave at 30.74%. Moreover, Grayscale has fine-tuned its AI fund to keep pace with the latest tech advancements.

Hedera’s Rising Profile in Institutional Portfolios

Ranked as one of the quickest and energy-efficient blockchains, it is a choice for developers seeking infrastructure at the highest level. Hence, this addition is to create more scalable blockchain solutions. Other names in the fund are Sui (SUI) and Avalanche (AVAX), which have been keeping their increasing momentum.

Earlier, Grayscale filed with the SEC to launch a Hedera spot ETF. The firm already operates Bitcoin and Ethereum ETFs and now seeks to expand its lineup with assets like Cardano and XRP. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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