HBAR Sees 4.7% Surge After Grayscale Adds It to Smart Contract Fund
The post HBAR Sees 4.7% Surge After Grayscale Adds It to Smart Contract Fund appeared on BitcoinEthereumNews.com. Hedera’s native cryptocurrency, HBAR, has seen a 4.7% price increase over the past 24 hours after replacing Polkadot (DOT) in the Grayscale Smart Contract Platform Fund (GSC Fund). The fund consists of the industry’s top smart contract platforms. This move has significantly boosted the token’s visibility, sparking optimism among investors and highlighting growing confidence in Hedera’s prospects. HBAR Price Jumps After Grayscale Fund Inclusion In its latest statement, Grayscale Investments disclosed that it sold its Polkadot (DOT) holdings and other fund assets. These sales were made in proportion to the weighting of each asset in the fund. “Grayscale has adjusted GSC Fund’s portfolio by selling Polkadot (DOT) and existing Fund Components in proportion to their respective weightings,” the statement read. The proceeds from the sales were reinvested into HBAR and other assets in the fund, again based on their proportional weight. HBAR now makes up 5.80% of the GSC fund. Meanwhile, Ethereum (ETH) and Solana (SOL) remain the fund’s dominant assets, accounting for almost 60% of the total holdings. ETH has 30.22% weight in the fund, while SOL accounts for 29.87%. Notably, the inclusion added further momentum to HBAR’s latest recovery rally. BeInCrypto data showed that the altcoin gained 10.7% over the past week after experiencing a two-month-long downtrend. At the time of writing, HBAR’s trading price was $0.16. This represented gains of 4.7% over the past day alone. HBAR Price Performance. Source: BeInCrypto Besides price, Grayscale’s move has also impacted HBAR’s visibility. According to CoinMarketCap, HBAR has emerged as the most visited real-world asset (RWA) cryptocurrency on the platform, reflecting growing investor interest. Additionally, Google Trends data revealed that search interest for ‘HBAR’ peaked at 100 today, signaling heightened public curiosity. HBAR Search Interest. Source: Google Trends Meanwhile, Metal Pay today announced that HBAR is now available on its…
The post HBAR Sees 4.7% Surge After Grayscale Adds It to Smart Contract Fund appeared on BitcoinEthereumNews.com.
Hedera’s native cryptocurrency, HBAR, has seen a 4.7% price increase over the past 24 hours after replacing Polkadot (DOT) in the Grayscale Smart Contract Platform Fund (GSC Fund). The fund consists of the industry’s top smart contract platforms. This move has significantly boosted the token’s visibility, sparking optimism among investors and highlighting growing confidence in Hedera’s prospects. HBAR Price Jumps After Grayscale Fund Inclusion In its latest statement, Grayscale Investments disclosed that it sold its Polkadot (DOT) holdings and other fund assets. These sales were made in proportion to the weighting of each asset in the fund. “Grayscale has adjusted GSC Fund’s portfolio by selling Polkadot (DOT) and existing Fund Components in proportion to their respective weightings,” the statement read. The proceeds from the sales were reinvested into HBAR and other assets in the fund, again based on their proportional weight. HBAR now makes up 5.80% of the GSC fund. Meanwhile, Ethereum (ETH) and Solana (SOL) remain the fund’s dominant assets, accounting for almost 60% of the total holdings. ETH has 30.22% weight in the fund, while SOL accounts for 29.87%. Notably, the inclusion added further momentum to HBAR’s latest recovery rally. BeInCrypto data showed that the altcoin gained 10.7% over the past week after experiencing a two-month-long downtrend. At the time of writing, HBAR’s trading price was $0.16. This represented gains of 4.7% over the past day alone. HBAR Price Performance. Source: BeInCrypto Besides price, Grayscale’s move has also impacted HBAR’s visibility. According to CoinMarketCap, HBAR has emerged as the most visited real-world asset (RWA) cryptocurrency on the platform, reflecting growing investor interest. Additionally, Google Trends data revealed that search interest for ‘HBAR’ peaked at 100 today, signaling heightened public curiosity. HBAR Search Interest. Source: Google Trends Meanwhile, Metal Pay today announced that HBAR is now available on its…
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