Retail investors are in panic, but now the bigwigs of Wall Street are not considering Cardano just a short-term trade. Grayscale Smart Contract fund Crypto sentiment is currently at a record low, but that hasn’t stopped major institutional players.
Price of Cardano is currently trying to hold above $0.26, and Grayscale has just made a major move.
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Big-Time Cardano Move By Grayscale
Grayscale, one of the world largest financial companies, recently added a significant portion of Cardano to its Smart Contract Fund. Cardano has now become the third-largest asset on this specially-chosen list.
At the beginning of 2026, ADA had an 18.5% allocation in the Smart Contract Fund, which has now increased to 20.34%.
Until now, Solana and Ethereum were the most dominant coins in Grayscale’s fund. Now, the gap between Solana’s 28.69% and ADA’s is just over 8%. This sets Cardano apart, as HBAR, AVAX, and SUI all have allocations of less than 9%.
Grayscale is waiting for this…
Furthermore, such funds typically follow fixed rules, Cardano has now joined Bitcoin, Ethereum, and Solana in fast institutional adoption. While retail investor confidence has declined, major crypto investors are watching the outcome of the Clarity Act discussions underway in Washington, DC.
Chances of Grayscale investing more in Cardano are quite high. Cardano privacy-focused Midnight side-chain and new LayerZero infrastructure provider play an important role in this, which is crucial for institutional crypto trading.
As Charles Hoskinson explained, this is bringing $80 billion of omni-chain assets to Cardano, which are connected to Real World Assets, institutional tools, and Layer-1 chains like Ethereum and Solana.
This connects Cardano to over 80 blockchains.
However, Cardano DeFi system has declined significantly since its peak on December 7, 2024. From a record high of $904 million that day, Cardano total value locked now stands at just $172.26 million. Of this, $37 million is in stablecoins, which Cardano will focus on in 2026.
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People Also Ask – Grayscale Smart Contract fund:
What is Grayscale Smart Contract Fund?
This is an investment fund that invests in smart contract coins. It includes Solana, Ethereum, and Cardano.
Why did Grayscale increase ADA’s share to 20.34%?
It was 18.5% in January 2026, then gradually increased to 20.34% now.
What is ADA’s price and rank?
As of February 23, 2026, ADA price is $0.268-0.272. It has a market cap of $9.7-9.8 billion and is ranked between #11-14 in crypto.
What are Cardano future plans?
Cardano is now focusing on its speed and real-world DeFi projects, and is also working with Bitcoin.
