HBAR Climbs as Grayscale Adds Hedera to Smart Contract Fund, Drops Polkadot
Hedera’s native token HBAR advanced nearly 2% over the past 24 hours after Grayscale Investments added it to the firm’s Smart Contract Platform Fund, replacing Polkadot (DOT) in the latest portfolio rebalance on Monday.
At last check, HBAR was trading at $0.1614, marking an 11% gain for the week.
“In accordance with the CoinDesk Smart Contract Platform Select Capped Index methodology, Grayscale has adjusted the GSC Fund’s portfolio by selling Polkadot (DOT) and reallocating proceeds into Hedera (HBAR) and existing fund components,” the asset manager said in a statement.
Following the rebalance, HBAR now accounts for 5.8% of the fund, joining other major holdings such as ether (ETH), solana (SOL), cardano (ADA), sui (SUI), and avalanche (AVAX).
Market data indicates institutional investors may be behind the move, as HBAR’s price held within a tight 2% band in late trading, signaling measured accumulation rather than volatile retail action.
Trading volumes surged in the afternoon session, with individual bursts of 77.7 million, 145.7 million, and 97.5 million tokens traded—far above average daily levels. Analysts suggest this could reflect strategic buying in anticipation of upcoming enterprise developments for the Hedera network.
