Cardano (ADA) Becomes The Latest Addition To Grayscale Digital Large Cap Fund

Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital Large Cap Fund (OTCQX: GDLC). Grayscale described this fund as “a passive, rules-based strategy that seeks to provide exposure to 70% of the digital asset market.” The announcement followed a quarterly review and rebalancing of the fund. The company explained: In accordance with the....

Earlier this week, cryptocurrency asset manager Grayscale Investments announced that it had added Cardano (ADA) to its digital large cap fund (GDLC) — marking the crypto project as the fund’s third largest component. Cardano is a decentralized proof-of-stake smart contract platform headed by Charles Hoskinson, one of the co-founders of Ethereum. Despite having no working […]

Grayscale has sold all of its XRP holdings to purchase bitcoin, ether, and other crypto assets. In an announcement made earlier today, Grayscale made it known that the firm has sold all of its XRP tokens from the Digital Large Cap Fund. Grayscale Sells Off All XRP Holdings There appears to be more gloom for XRP as Grayscale Investment announced that it had sold off all XRP tokens it was holding in its Digital Large Cap Fund. This news comes days after a report emerged that Grayscale had purchased a large number of XRP tokens at a much lower price. According to data from Cryptowhale, the....

Cardano featured in the latest release of the Grayscale Building Blocks, a monthly publication from one of the leading crypto funds in the world. The report focused solely on the third-largest cryptocurrency by market cap. An exposé of sorts. The report went through various aspects of Cardano, including its creation, leadership, community, and so forth. Cardano is the third-largest holding of Grayscale in its GDLC Fund (Grayscale Digital Large Cap Fund). This is why the asset manager has taken a vested interest in the asset and is educating its investors on one of its largest crypto....

Grayscale's GDLC Fund now includes Solana and Uniswap at 3.24% and 1.06% respectively after reducing LTC and BCH holdings. Grayscale Investments, a New-York based crypto asset manager, includes Solana (SOL) and Uniswap (UNI) after rebalancing its basket of Grayscale Digital Large Cap Fund (GDLC) portfolio. The quarterly rebalancing of GDLC is done by selling existing components of the portfolio for cash and procuring performant crypto assets. Based on the adjustment, Solana and Uniswap make 3.24% and 1.06% of the Fund components respectively while Grayscale continues to cut down on....