Grayscale Makes Cardano (ADA) its Third-Largest Holding

2021-7-2 17:00

Grayscale has announced that it has updated its Digital Large Cap Fund to include Cardano (ADA)

Grayscale has announced that it has added Cardano (ADA) to its large cap fund. The ADA holdings now make it the third-largest holding in the fund, behind bitcoin and ethereum. 

The company exposure to ADA is currently 4.26%. With bitcoin making up 67.47% and ethereum making up 25.39%. In fourth place is bitcoin cash with 1.03%. 

Source: Twitter

In an announcement on Twitter, Grayscale commented on the addition of ADA, saying “Welcome aboard, Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include ADA. Previously, the large cap fund did not hold ADA. The move to add the fifth-largest crypto by market capitalization relates to the fund’s “passive, rules-based strategy that seeks to provide exposure to 70% of the digital asset market.”

ADA finally added to Grayscale 

The addition of ADA comes just weeks after the company updated its “assets under consideration list. The list added 18 additional assets to total 31 possible projects to be added to the investment fund. 

However, it appears the first one selected out of the large list is ADA. The project has beaten out the likes of other well-known major cap projects such as Uniswap (UNI), Polkadot (DOT) and Internet Computer (ICP).

ADA price jumps after announcement

Following the announcement on Twitter, The price of ADA jumped nearly 6.50% to $1.38. ADA is currently the highest gainer in the top ten, with the price sitting at $1.36, up 4.5% on the day so far. The news also saw huge volume on Binance as buyers rushed to buy the news. 

Source: Tradingview

The quarterly portfolio adjustment by Grayscale, which was last completed in April. Saw the crypto investment fund add Chainlink (LINK). The next update to the portfolio is set for the end of September 2021. 

The post Grayscale Makes Cardano (ADA) its Third-Largest Holding appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 1.3702 (-100%)

ada cardano grayscale holding third-largest makes include

ada cardano → Результатов: 126


Фото:

Cardano (ADA) Drops 26.96%, Investors Shift Portion Of Their Portfolio to New A.i Driven Token O2T Before BTC Halving

In a significant market movement, Cardano (ADA) has seen a sharp decline of 26. 96%, prompting investors to reassess their portfolios. As the crypto community braces for the upcoming Bitcoin halving, many are turning to emerging technologies, such as the AI-driven token from Option2Trade (O2T), which offers a promising alternative to traditional investments like Cardano (ADA).

2024-4-17 20:00


Cardano за неделю упал более чем на 10%

Cardano (ADA) оказался на самом низком уровне с 26 февраля. За неделю его стоимость упала более чем на 10%. В ночь на четверг, 4 апреля, курс ADA опустился до $0,579. В марте альткоин торговался на максимальном уровне с 5 мая 2022 года.

2024-4-4 00:01


Cardano Mirrors Previous Bull Cycle: Analyst Eyes $10 for ADA If This Happens

Cardano (ADA), the popular smart contract platform, is showing signs of a potential bullish continuation as its price action appears to be mirroring patterns observed in its previous bull cycle. As ADA consolidates above key support levels, traders and analysts are growing increasingly optimistic about the token’s prospects, with some even suggesting a potential parabolic […] The post Cardano Mirrors Previous Bull Cycle: Analyst Eyes $10 for ADA If This Happens appeared first on CaptainAltcoin.

2024-3-6 22:15


Артур Хэйес назвал токен ADA «собачьим дерьмом»

Экс-CEO BitMEX Артур Хэйес назвал нативный токен блокчейна Cardano (ADA) «собачьим дерьмом» из-за низкого использования в протоколах. For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is […]

2024-2-22 20:31