Grayscale Reveals Distribution of 7 Altcoin Fund: Ethereum and Solana Head to Head! - Coin Bulletin

Grayscale has disclosed the updated asset allocation of the Smart Contract Fund; the fund invests in 7 smart contract platforms, including Solana (SOL) and Ethereum (ETH).

Grayscale announced the updated asset allocation of the Smart Contract Fund. The fund has Solana (SOL) %31.30, Ethereum (ETH) %31.22, Cardano (ADA) %18.23, Avalanche (AVAX) %7.26, Sui (SUI) %6.50, Near (NEAR) %2.95, and Polkadot (DOT) %2.54 shares. The fund is rebalanced every three months using a market value-weighted system and applies a maximum %30 limit.

Launched in 2022, the Grayscale Smart Contract Fund stands out as one of the first investment vehicles aiming to invest in smart contract platforms. This fund not only provides investors with the opportunity to invest in the native tokens of smart contract platforms but also eliminates the need to directly purchase and store digital assets.

The fund tracks the CoinDesk Smart Contract Platform Select Capped Index (SCPXC) and can exclude certain assets from the portfolio depending on Grayscale's management strategies.

Ethereum and Solana continue to lead

According to the latest distribution announced by Grayscale, the fund's top two holdings continue to be Ethereum (ETH) and Solana (SOL). While Ethereum holds a strong position in the portfolio with 31.22%, Solana slightly surpassed Ethereum with 31.30%. Cardano (ADA) ranks third with a share of 18.23%, while Avalanche, Sui, Near, and Polkadot make up the rest of the fund with smaller percentages.

According to updated data, the fund's net asset value per share is $10.58NAV$10.58. The total value of managed assets is $3.27 million. The fund has 309,400 shares and charges a management fee of 2.50%.

Grayscale's fund continues to be an attractive option, especially for large-scale investors. Investors can invest in smart contract platforms without individually entering the digital asset purchase. However, the fund's past performance has been quite variable, and as of 2025, NAV has shown a 44.81% decline in the last three months.

The Grayscale Smart Contract Fund is only open to accredited investors and is offered through a private placement process. It is believed to continue to be an alternative for long-term cryptocurrency investors.