Categories: Analysis

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 “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).

Synthetic

You may be interested in:

CoinX

Recent Posts

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

27 minutes ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

1 hour ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

1 hour ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

2 hours ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

3 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

4 hours ago

This website uses cookies.