Grayscale Adds Cardano to the Digital Large Cap Fund Trust

Digital asset manager Grayscale Investments has incorporated the Cardano cryptocurrency (ADA) as a component of the Digital Large Cap Fund.

The company clarified that it sold some of the existing components of the trust and used the proceeds to buy ADA. As of July 2, 2021, the share of the asset was 4.26%.

Bitcoin and Ethereum formed 67.47% and 25.39% of the volume of assets in the fund, respectively. Bitcoin Cash, Litecoin and Chainlink now account for 1.03%, 0.99% and 0.86%, respectively. The last Grayscale Investments added in April 2021.

At the time of writing, Cardano’s price is $ 1.35. The asset ranks fifth in the cryptocurrency ranking by market capitalization with an indicator of $ 43.5 billion, according to CoinGecko.

Launched in February 2018, the Digital Large Cap Fund makes passive investments in the most popular cryptocurrencies.

According to the latest data, investors have invested $ 356.7 million in it. The total volume of assets in the company’s funds is $ 30.4 billion. recalls that at the end of January, Grayscale Investments filed applications for the registration of six trusts based on

  • Aave
  • Polkadot
  • Cosmos
  • Monero
  • EOS, and
  • Cardano.

In June, the company added 13 additional assets to the list, on the basis of which it can offer new investment funds to clients in the future.

Leave review
*Leave email and we send request
We use cookies to optimize your experience. If you continue to brows this site, you agree to this use