Grayscale Adds Cardano to Digital Large Cap Fund
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Grayscale Investments, a cryptocurrency-focused management company, has announced it acquired cardano (ADA) for its Digital Large Cap Fund. The company said in a press release, it decided to purchase ADA as part of its quarterly rebalancing.

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"We are excited to welcome Cardano to our Digital Large Cap Fund’s portfolio as we work to ensure that our diversified Fund can safely hold assets that collectively comprise 70% of the entire digital asset market," said Edward McGee, Vice President of Finance at Grayscale.

Grayscale says its Digital Large Cap Fund consist of 67.47% bitcoin (EXANTE: Bitcoin), 25.39% ether (ETH), 4.26% cardano (ADA), 1.03% bitcoin cash (BCH), 0.99% litecoin (LTC), and 0.86% chainlink (LINK).

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Last month, Grayscale added 13 cryptocurrencies to its platform that it can use to offer new investment trusts to its clients in the future. These include: 1inch (1INCH), bancor (BNT), curve (CRV), internet computer (ICP), kava (KAVA), kyber network (KNC), loopring (LRC), NEAR (NEAR), polygon (MATIC), ren (REN), solana (SOL), universal market access (UMA) and 0x (ZRX).

Grayscale added that the inclusion of these assets does not necessarily mean it will launch new products based on each of them.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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