Grayscale boosts Cardano to 18.57% of its Smart Contract Fund, signaling growing confidence in ADA among institutional investors.
Bitcoin and Ethereum ETFs saw $634.4M in total inflows, with BlackRock and Fidelity leading the charge in both asset classes.
Ethereum ETF inflows outpaced Bitcoin, highlighting a strong shift in institutional preference toward ETH’s smart contract potential.
Grayscale is turning bullish on Cardano. In a bold move, Cardano now makes up 18.57% of the Grayscale Smart Contract Platform Fund. This allocation places ADA third, just behind Ethereum (30.22%) and Solana (29.87%). Together, ETH and SOL make up nearly 60% of the fund. Cardano’s growing share marks a major vote of confidence in its long-term potential.
Besides ADA, other holdings include Sui (8.78%), Avalanche (6.76%), and Hedera (5.80%). The fund’s focus remains on smart contract platforms with strong technical ecosystems. This concentrated strategy highlights growing investor appetite for scalable, Layer-1 blockchain solutions.
Grayscale Backs Layer-1 Platforms
The latest July 3 snapshot reflects Grayscale’s focus on smart contract leaders. Ethereum and Solana dominate, but Cardano’s strong presence signals broader exposure. The fund’s architecture shows clear support for platforms that enable decentralized applications and smart contracts.
Moreover, this strategy highlights a mix of both established giants and fast-rising challengers. By allocating nearly 19% to Cardano, Grayscale sends a clear message. It believes ADA can compete alongside top-tier networks like Ethereum and Solana.
Additionally, the fund seems positioned for flexibility. With market dynamics constantly changing, Grayscale could rebalance based on performance or future developments. Investors tracking Layer-1 growth now have a strong signal from institutional players.
ETF Inflows Confirm Institutional Momentum
The market paints an even more bullish picture. In the week ending July 7, Bitcoin ETFs saw $384.1 million in net inflows. Ethereum ETFs weren’t far behind, pulling in $250.3 million in the same period.
BlackRock added 3,432 BTC, raising its holdings to over 700,000 BTC. Fidelity also boosted its Bitcoin position by 2,772 BTC. Meanwhile, ARK 21Shares made the largest jump, adding over 11,000 BTC in one week.
Ethereum ETFs outpaced Bitcoin in individual fund inflows. BlackRock led with 58,196 ETH added. Fidelity and Bitwise followed closely. This shows rising institutional faith in ETH’s long-term value.
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