- 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.
Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA.— Grayscale (@Grayscale) July 2, 2021
This article was first published on coinquora.com