BNB Price Tests $606 After Grayscale Makes It Top Fund Holding
Key Insights
- BNB price holds near $592 after Grayscale assigned BNB a leading 30.6% fund weight.
- Ether and Solana follow at 29.47% and 29.15%, while smaller holdings fell sharply.
- Grayscale reduced UNI and NEAR exposure, although both retained the largest fund weights.
The BNB price traded near $592 on Thursday after Grayscale made the token its largest Smart Contract Fund holding. The asset secured a 30.6% portfolio weight following the second-quarter review. Ether followed at 29.47%, while Solana accounted for 29.15%. The change gave BNB a narrow lead over both rival assets.
However, the market response stayed restrained. BNB traded lower during the session and remained below the $606 resistance area. The development strengthened BNB’s institutional profile without producing an immediate price breakout. The published allocations reflect end-of-day values recorded on August 3, Grayscale said.
BNB Price Gains Institutional Focus After Fund Rebalance
Grayscale added BNB by selling existing Smart Contract Fund components according to their previous weights. It then used the proceeds to purchase the new holding. The process followed the CoinDesk Smart Contract Platform Select Capped Index methodology.
