BNB tops Grayscale Smart Contract Fund at 30.6%

Grayscale Investments added BNB to its Smart Contract Fund during its second quarter review, placing the token above Ether and Solana in the portfolio as of Aug. 3. Summary BNB entered Grayscale’s Smart Contract Fund at 30.6%, surpassing Ether and Solana by portfolio weight. Ether retained 29.47%, while Solana held 29.15% after Grayscale’s second quarter rebalancing completed on August 3. Uniswap remained Grayscale’s largest DeFi holding at 34.16%, despite the fund reducing its UNI exposure. NEAR led the AI Fund at 31.35%, even after Grayscale sold part of its position. The funds rebalance quarterly under index methodologies, and published weightings may change after August 3. The U.S. asset manager assigned BNB a 30.6% weight, compared with 29.47% for Ether and 29.15% for Solana, according to its Aug. 5 release. The change made BNB the largest component immediately after its addition. However, the rebalance followed the CoinDesk Smart Contract Platform Select Capped Index methodology. Grayscale did not describe the move as a discretionary forecast that BNB will outperform Ether or Solana. You might also like: Grayscale joins push for CLARITY Act Senate vote as deadline nears BNB becomes the fund’s largest holding To add BNB, Grayscale sold the fund’s existing components in proportion to their weights and used the proceeds to buy the token. The remaining allocations were Cardano at 4.88%, Hedera at 2.08%, Avalanche at 1.92% and Sui at 1.9%. BNB Overtakes Ether and Solana in Grayscale Smart Contract Fund Grayscale added BNB to its Smart Contract Fund during its second-quarter rebalancing, giving the token a 30.6% weighting, ahead of Ether at 29.47% and Solana at 29.15%. Its DeFi Fund reduced UNI exposure, although… pic.twitter.com/vsbtuO51mF — Wu Blockchain (@WuBlockchain) August 6, 2026 The change was large compared with the first quarter review. As of May 1, the fund held Ether at 30.14%, Solana at 29.69%, Cardano at 17.96%, Avalanche at 7.69%, Hedera at 7.41% and Sui at 7.11%. BNB was not part of that basket. Its addition left Ether and Solana close to their previous weights while sharply reducing the smaller holdings. As previously reported in earlier fund rebalance coverage, Ether and Solana had led the Smart Contract Fund after its May review. Cardano was then the third largest holding, before BNB entered the basket. Index rules matter more than a directional call The Smart Contract Fund tracks a market capitalization weighted index with a cap on individual positions. Eligible assets must meet the index provider’s trading and custody requirements and fall within its smart contract platform classification. Grayscale said component weights change daily and are published around 4 p.m. New York time. For that reason, the 30.6% BNB allocation is a dated portfolio snapshot rather than a fixed target.