Hedera's HBAR Token Surges After Being Added to Grayscale Smart Contract Fund

Hedera's HBAR token rose 2% over the past 24 hours, reaching $0.1614. The token was added to the Grayscale Smart Contract Platform Fund, replacing Polkadot, and now holds a 5.8% allocation in the fund. HBAR's performance suggests professional money management rather than retail speculation, with trading volumes exceeding daily averages.

Hedera's HBAR token experienced a notable 2% increase over the past 24 hours, reaching a new high of $0.1614. This upward movement coincides with the token's inclusion in the Grayscale Smart Contract Platform Fund, replacing Polkadot (DOT). As of the latest update, HBAR now holds a 5.8% allocation in the fund [2].

The addition of HBAR to the Grayscale Smart Contract Platform Fund is part of a broader quarterly rebalancing effort by Grayscale Investments. This move signals a shift in the fund's asset composition, reflecting a strategic decision to diversify its holdings. The fund's quarterly rebalancing typically involves the addition or removal of tokens to align with the fund's investment strategy and market conditions [2].

The performance of HBAR suggests that professional money management is driving its recent gains, rather than speculative retail activity. Trading volumes for HBAR have exceeded daily averages, indicating increased institutional interest in the token. This trend is consistent with the broader market dynamics, where institutional investors are increasingly playing a significant role in shaping cryptocurrency markets [3].

Grayscale's decision to add HBAR to its Smart Contract Platform Fund is a strategic move that positions the fund to capitalize on the growing interest in blockchain-based smart contracts. The fund's inclusion of HBAR aligns with its broader objective of providing investors with exposure to the smart contract ecosystem, which is a critical component of the decentralized finance (DeFi) sector.

In conclusion, the recent surge in HBAR's value and its inclusion in the Grayscale Smart Contract Platform Fund reflect a strategic shift in the fund's asset composition. This move is driven by professional money management and aligns with the broader market dynamics, where institutional investors are increasingly influencing cryptocurrency markets. As the DeFi sector continues to grow, the performance of HBAR and its inclusion in Grayscale's fund suggest promising prospects for the token.

References:
[1] https://en.bitcoinsistemi.com/breaking-developers-of-this-altcoin-announce-that-a-1-trillion-token-burn-is-about-to-take-place/
[2] https://crypto.news/grayscale-investments-rebalances-q2-2025-multi-asset-funds-adds-ondo-swaps-dot-for-hbar/
[3] https://beincrypto.com/top-crypto-airdrops-july-second-week/