Grayscale “the money down” adds a large amount of Cardano to the portfolio

On July 2, Grayscale Investment Fund announced the inclusion of Cardano (ADA) in the Digital Large Cap Fund – making ADA the third largest coin in the portfolio after Bitcoin and Ethereum.

Grayscale
Grayscale “the money down” adds a large amount of Cardano to the portfolio

The majority of the fund’s capital is invested in Bitcoin (67.47%) and Ethereum (25.39%), up to 93% in total. The amount for Cardano is 4.26%, which means that the investment for ADA is greater than all the other coins combined. In addition to the above asset classes, Grayscale also invests in Bitcoin Cash (1.03%), Litecoin (0.99%) and Chainlink (0.86%).

As of July 1, Grayscale’s Digital Large Cap Fund has a total investment value of $ 356.7 million.

Grayscale made some changes to its portfolio this year 2021. On January 5, the company removed XRP from the fund following legal disputes with the US Securities and Exchange Commission and Ripple for alleged violations of the Securities Act. On April 6th, Grayscale announced the addition of Chainlink to its portfolio.

The purpose of the Grayscale Exchange Traded Fund is to facilitate investor exposure to the cryptocurrency market, particularly Bitcoin. The Fund conducts quarterly reviews to determine which assets should be added or removed from the portfolio, but the asset class weights are changed on a daily basis.

Grayscale is a crypto-focused asset management company. On February 26th, Grayscale Investments unveiled a draw list of cryptocurrencies of their choice to generate new ideas for future strategies. Grayscale has checked 23 altcoins for new investment products. On June 18, the company updated the list with 13 additional assets including: 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring ( LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA) and 0x (ZRX).

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Grayscale “the money down” adds a large amount of Cardano to the portfolio

On July 2, Grayscale Investment Fund announced the inclusion of Cardano (ADA) in the Digital Large Cap Fund – making ADA the third largest coin in the portfolio after Bitcoin and Ethereum.

Grayscale
Grayscale “the money down” adds a large amount of Cardano to the portfolio

The majority of the fund’s capital is invested in Bitcoin (67.47%) and Ethereum (25.39%), up to 93% in total. The amount for Cardano is 4.26%, which means that the investment for ADA is greater than all the other coins combined. In addition to the above asset classes, Grayscale also invests in Bitcoin Cash (1.03%), Litecoin (0.99%) and Chainlink (0.86%).

As of July 1, Grayscale’s Digital Large Cap Fund has a total investment value of $ 356.7 million.

Grayscale made some changes to its portfolio this year 2021. On January 5, the company removed XRP from the fund following legal disputes with the US Securities and Exchange Commission and Ripple for alleged violations of the Securities Act. On April 6th, Grayscale announced the addition of Chainlink to its portfolio.

The purpose of the Grayscale Exchange Traded Fund is to facilitate investor exposure to the cryptocurrency market, particularly Bitcoin. The Fund conducts quarterly reviews to determine which assets should be added or removed from the portfolio, but the asset class weights are changed on a daily basis.

Grayscale is a crypto-focused asset management company. On February 26th, Grayscale Investments unveiled a draw list of cryptocurrencies of their choice to generate new ideas for future strategies. Grayscale has checked 23 altcoins for new investment products. On June 18, the company updated the list with 13 additional assets including: 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring ( LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA) and 0x (ZRX).

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