HBAR Rises After Joining Grayscale Smart Contract Platform Fund

Hedera’s native token, HBAR, saw upward price action after being added to the Grayscale Smart Contract Platform Fund, replacing Polkadot (DOT) in the fund’s latest rebalance. The token traded at $0.1614 at press time, reflecting an 11% gain over the past week and approximately 2% in the past 24 hours.

Grayscale confirmed the move in a Monday statement, explaining that it rebalanced the fund by selling DOT and reallocating the proceeds to purchase HBAR and existing components of the portfolio in line with their adjusted weightings. Following the update, HBAR now holds a 5.8% allocation in the fund, joining other major assets such as Ethereum (ETH), Solana (SOL), Cardano (ADA), Sui (SUI), and Avalanche (AVAX).

The market responded with heightened trading activity, suggesting institutional interest rather than retail-driven momentum. Afternoon trading volumes of 77.7 million, 145.7 million, and 97.5 million significantly outpaced daily averages. Price movement within a tight 2% range pointed to controlled accumulation, indicative of sophisticated market players positioning themselves for potential upcoming developments within the Hedera ecosystem.

HBAR’s inclusion in a prominent institutional fund signals increasing recognition of its smart contract capabilities and enterprise appeal, setting the stage for further adoption. The Grayscale Smart Contract Platform Fund tracks major blockchain projects enabling programmable decentralized applications, and additions to the fund are closely watched by investors.

The price reaction and volume surge highlight growing confidence in HBAR’s long-term value proposition as enterprise use cases for Hedera gain traction.