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Grayscale Digital Large Cap Fund Announces Addition of Cardano [ADA]



Cardano ADA

Today Grayscale announces that it has adjusted the portfolio of Digital Large Cap Fund to include Cardano (ADA).

The official Twitter handle of Grayscale tweets, “Welcome aboard, Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include ADA.”

The company has adjusted the “portfolio of Grayscale Digital Large Cap Fund by selling certain amounts of the existing Fund components in proportion to their respective weightings and using the cash proceeds to purchase Cardano ($ADA).”

Now at the end of July 1, 2021, the fund components of Grayscale Digital Large Cap Fund are:-

Bitcoin CashBCH1.03%

“We are excited to welcome Cardano to our Digital Large Cap Fund’s portfolio as we work to ensure that our diversified Fund can safely hold assets that collectively comprise 70% of the entire digital asset market,” said Edward McGee, Vice President of Finance at Grayscale.

He added, “Digital currencies represent a unique opportunity for investors to diversify their portfolios, and at Grayscale, we are proud to provide our investors with access to leading digital currencies through regulated, familiar product offerings.”

Cardano (ADA) is currently the 5th largest cryptocurrency by market capitalization according to CoinMarketCap. At press time, the price of ADA is $1.35 with a market cap of $43,184,774,108 USD.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.