Grayscale increased its Cardano (CRYPTO: ADA) allocation in its Smart Contract Fund as the blockchain pushes into Bitcoin DeFi, aiming to bring external Bitcoin (CRYPTO: BTC) liquidity onto Cardano using non-custodial collateral and stable coin-based lending.
The Grayscale Allocation
Grayscale’s Smart Contract Fund holds a mixed bag of smart contract platforms, with the largest positions in Solana (CRYPTO: SOL) and Ethereum (CRYPTO: ETH), followed by Cardano, Avalanche (CRYPTO: AVAX), Hedera (CRYPTO: HBAR), and Sui (CRYPTO: SUI).
The recent increase in ADA allocation coincides with Cardano’s accelerated push into Bitcoin DeFi.
Cardano recently fell out of the top 10 cryptocurrencies …