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Hedera’s HBAR Rises After Inclusion in Grayscale Fund
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Helene Braun
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By Helene Braun, CD Analytics|Edited by Aoyon Ashraf
Updated Jul 8, 2025, 6:59 p.m. Published Jul 8, 2025, 6:52 p.m.
- HBAR rose about 2% in 24 hours and now trades at $0.1614, up 11% over the past week, after being added to the Grayscale Smart Contract Platform Fund (GSC).
- The fund rebalanced on Monday, replacing polkadot (DOT) with hedera (HBAR) and adjusting other holdings based on their index weightings.
- HBAR now holds a 5.8% allocation in the GSC Fund, joining assets like ether (ETH), solana (SOL), cardano (ADA), sui (SUI), and avalanche (AVAX).
Hedera’s native token, HBAR (HBAR), traded higher after being added to the Grayscale Smart Contract Platform Fund .
HBAR, up about 2% over the past 24-hour period, replaced polkadot (DOT) in the fund, which rebalanced on Monday.
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The token was trading at $0.1614 at press time, up about 11% over the past seven days.
“In accordance with the CoinDesk Smart Contract Platform Select Capped Index methodology, Grayscale has adjusted 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 wrote in a statement Monday.
HBAR carries a 5.8% weight within the fund, with other additions, including ether (ETH), solana (SOL), cardano (ADA), sui (SUI), and avalanche (AVAX).
The token’s performance during the final trading hour illustrated sophisticated market dynamics, with a controlled 2% range suggesting professional money management rather than retail speculation.
Trading volumes of 77.7 million, 145.7 million and 97.5 million during afternoon hours substantially exceeded daily averages, indicating sophisticated market participants are accumulating positions ahead of potential enterprise announcements.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
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