Grayscale has increased Cardano's (ADA) allocation in its Smart Contract Fund, now known as The CoinDesk Smart Contract Platform Select Capped Index (SCPXC), to 20.2%. This marks a steady rise from 18.55% earlier this year, reflecting growing institutional confidence in Cardano's potential as a smart contract platform. ADA is now the third-largest component in the fund, following Solana and Ethereum. The SCPXC fund, as of February 3, holds $1.8 million in assets under management with a net asset value of $5.81 per share. Despite a slight retracement in ADA's allocation, it remains a significant part of the portfolio, which also includes Hedera, Avalanche, and Sui. Grayscale's strategic adjustments underscore a broader trend of institutional investors reassessing their exposure to leading blockchain platforms.