Grayscale Investments Adds Cardano To Its Portfolio.
2021-07-02 | Robin Williams
Grayscale Investments added ADA, 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 buy ADA, within an official
announcement earlier on Friday.
The addition comes as
a part of Grayscale's quarterly rebalancing of the
fund. Earlier in April, this saw the addition of Chainlink's LINK [+0.22%] token.
Cardano is a proof-of-stake blockchain that aims to surpass the scalability and efficiency of Ethereum.
ADA has risen over 600% year
so far and is sitting at $1.36 USD, up 1.81%
within the last 24 hours at the reporting time.
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