According to CoinMeta, Grayscale holds BNB as its largest smart contract fund position. The price of BNB approached $592 during trading on Thursday and is currently testing the resistance level of $606. This asset gained a 30.6% portfolio weight after the second-quarter review, while Ether and Solana accounted for 29.47% and 29.15% respectively. Despite a relatively cautious market reaction, the institutional profile of BNB was enhanced, but it failed to immediately break through the price resistance. Grayscale stated that the increase in holdings of BNB was achieved by selling existing smart contract fund components and according to its previous weight distribution. The addition of BNB has made it the largest component of the fund, with the current price above $592. If it fails to break through $606, it may hover within a limited range.