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Cardano Becomes Grayscale Third-Largest GLDC Fund Holdings

Published 07/03/2021, 05:57 AM
Updated 07/03/2021, 06:00 AM
Cardano Becomes Grayscale Third-Largest GLDC Fund Holdings
ADA/USD
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  • Grayscale added ADA to the Grayscale Digital Large Cap Fund (GDLC).
  • Grayscale sold other components of the GLDC fund proportionately to buy ADA.
  • Cardano becomes the third-largest holding in Grayscale’s GDLC fund.

Grayscale Investments has acquired Cardano (ADA) and added it to the Grayscale Digital Large Cap Fund (GDLC). Reportedly, Grayscale sold proportionate amounts of the existing components in the fund and used the cash to purchase the ADA.

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