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Cardano Becomes The Third-Largest Position Of Grayscale Digital Large Cap Fund

Mary Liu

Summary: Grayscale issued an announcement on Friday, stating that it has added Cardano (ADA) with a weight of 4.26% to its Grayscale Digital Large Cap Fund (GDLC), Cardano becomes the third-largest position of the fund. Cardano is a blockchain that uses proof-of-stake and aims to improve the scalability and efficiency of Ethereum, its native token ADA ...

Grayscale issued an announcement on Friday, stating that it has added Cardano (ADA) with a weight of 4.26% to its Grayscale Digital Large Cap Fund (GDLC), Cardano becomes the third-largest position of the fund.

Cardano is a blockchain that uses proof-of-stake and aims to improve the scalability and efficiency of Ethereum, its native token ADA has risen by more than 600% so far this year.

As of the close on July 1, 2021, the GDLC composition is: 67.47% Bitcoin (BTC), 25.39% Ethereum (ETH), 4.26% Cardano (ADA), 1.03% Bitcoin Cash (BCH), 0.99% Wright Currency (LTC) and 0.86% Chainlink (LINK).

By Mary Liu

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