Cryptocurrency
Grayscale Adds Cardano to Its Digital Large Cap Fund
Grayscale Adds Cardano to Its Digital Large Cap Fund The digital-asset manager sold some existing constituents of the fund and used the proceeds to purchase ADA. As reported by CoinDesk, “Grayscale Investments added ADA (+1.04%), the native token of the Cardano blockchain, to its Digital Large Cap Fund. The digital-asset manager has sold some existing […]
Grayscale Adds Cardano to Its Digital Large Cap Fund
The digital-asset manager sold some existing constituents of the fund and used the proceeds to purchase ADA.
As reported by CoinDesk, “Grayscale Investments added ADA (+1.04%), the native token of the Cardano blockchain, to its Digital Large Cap Fund.
- The digital-asset manager has sold some existing constituents of the fund and used the proceeds to purchase ADA, an announcement Friday said.
- The addition comes as part of Grayscale’s quarterly rebalancing of the fund. In April, Grayscale added Chainlink’s LINK (-0.65%) token.
- Cardano is a proof-of-stake blockchain that aims to surpass the scalability and efficiency of Ethereum.
- ADA has risen more than 600% year to date, and is sitting at $1.36, up 1.81% in the last 24 hours at press time.”
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