BNB Price Tests $606 After Grayscale Makes It Top Fund Holding

BNB Price Tests $606 After Grayscale Makes It Top Fund Holding
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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 Tops in Grayscale Fund | Source: X

BNB Price Gains Institutional Focus

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