HBAR Rises as Grayscale Fund Adds Hedera, Replacing Polkadot

Hedera’s native token HBAR climbed roughly 2% over the past 24 hours after being added to the Grayscale Smart Contract Platform Fund, replacing Polkadot (DOT) during the fund’s latest rebalancing on Monday.

At the time of writing, HBAR was trading at $0.1614, up about 11% over the past week.

“In accordance with the CoinDesk Smart Contract Platform Select Capped Index methodology, Grayscale has adjusted the GSC Fund’s portfolio by selling Polkadot (DOT) and existing Fund Components in proportion to their respective weightings, and using the cash proceeds to purchase Hedera (HBAR) and existing Fund Components in proportion to their respective weightings,” Grayscale said in a statement.

Following the adjustment, HBAR now holds a 5.8% weight in the fund. Other prominent holdings include ether (ETH), solana (SOL), cardano (ADA), sui (SUI), and avalanche (AVAX).

HBAR’s trading activity showed signs of institutional participation, as prices stayed within a controlled 2% range during the final trading hour — indicating calculated buying rather than retail-driven volatility.

Notably, trading volumes spiked significantly in the afternoon, with transactions of 77.7 million, 145.7 million, and 97.5 million tokens far exceeding typical daily averages, suggesting that larger players may be positioning ahead of potential enterprise announcements.