Thursday, May 26

Tag: Cardona

Grayscale Announces Adding Cardano (ADA) to its DLC Fund
CRYPTO COINS

Grayscale Announces Adding Cardano (ADA) to its DLC Fund

Grayscale Investments, the world's largest digital asset manager, announced that it added Cardano (ADA) to its Digital Large Cap fund as a result of its evaluation according to its second quarter performance. According to a press release released Friday, the company sold some of the assets in the fund and used the proceeds to buy Cardano (ADA). The weight distribution of the Digital Large Cap fund is listed as 67.47% Bitcoin, 25.39% Ethereum, 4.26% Cardano, 1.03% Bitcoin Cash, 0.99% Litecoin and 0.86% Chainlink as of July 1."Digital currencies offer a unique opportunity for investors looking to diversify their portfolios" and Grayscale is "proud to offer a regulated product" to its clients, said Edward McGee, VP of Finance at Grayscale.The Digital Large Cap fund under the umbrella o...