Cardano becomes the third-largest holding in Grayscale’s GDLC fund

Cardano becomes the third-largest holding in Grayscale’s GDLC fund
фото показано с : invezz.com

2021-7-3 21:49

Grayscale Investments has purchased 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 proceeds to purchase the ADA.

This addition is part of rebalancing GDLC that brings the fund components to a total of six coins. These are Bitcoin (BTC/USD), Ethereum (ETH/USD), Cardano (ADA/USD), Bitcoin Cash (BCH/USD), Litecoin (LTC/USD), and Chainlink (LINK/USD). BTC remains the dominant cryptocurrency, forming 67.47% of the fund. ETH comes second with a 25.39% share, and while ADA is the most recent addition, it is the third-largest component of the fund, accounting for 4.26% of the portfolio. BCH comes next with 1.03%, followed closely by LTC with a 0.99% stake. LINK is the smallest crypto in the fund with a 0.86% share.

Each share in the fund comprises 0.00044919 BTC, 0.00263059 ETH, 0.71069603 ADA, 0.0046159 BCH, 0.00160755 LTC, and 0.01053027 LINK. Explaining why the amount of each coin in the fund decreases over time, Grayscale said the GDLC does not generate any income. As such, it distributes components to cover its expenses.

An ever-expanding portfolio

Commenting on ADA’s addition to GDLC, Grayscale’s Vice President of Finance, Edward McGee said,

“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.”

He added that digital currencies give investors a unique investment. To this end, the company is dedicated to expanding its fund to offer investors access to leading digital assets through regulated and familiar products. This news comes after Grayscale updated the list of cryptocurrencies it seeks to add to its various trusts by adding 13 coins.

After Grayscale announced support for ADA, the coin’s price surged significantly to trade as high as $1.38 (£1.00). While the coin has had a slight correction to trade at $1.36 (£0.99) at the time of writing, it remains the largest gainer in the top-10 list of leading cryptocurrencies with a 2.55% change over the past 24 hours.

The post Cardano becomes the third-largest holding in Grayscale’s GDLC fund appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

grayscale fund ada cardano gdlc proportionate amounts

Источник: invezz.com

grayscale fund → Результатов: 126


Фото:

Grayscale Investments First to list Crypto-Backed Digital Large Cap Fund

Grayscale Investments, a cryptoasset management firm with more than $2 billion in assets under management, has successfully secured approval from the Financial Industry Regulatory Authority (FINRA) for the public listing of its Digital Large Cap Fund (DLC) on over-the-counter (OTC) markets with ticker symbol: GDLCF, according to a press release on October 14, 2019.

2019-10-16 23:00


Grayscale reports tripled inflows; offshore institutional investors in majority

Grayscale Investments recently made headlines for becoming the first firm to get FINRA’s approval on its Digital Large Cap Fund (DLC) offering. Providing deeper insights into the company’s workflow, Grayscale released its latest Q3 2019 report through a tweet, which read, “Our Q3 2019 Grayscale Digital Asset Investment Report highlights investment activity and performance across […] The post Grayscale reports tripled inflows; offshore institutional investors in majority appeared first on AMBCrypto.

2019-10-15 18:39


Grayscale готовится к запуску публично торгуемого криптовалютного фонда

Компания Grayscale Investments получила от Агентства по регулированию деятельности финансовых институтов (FINRA) разрешение, которое позволит запустить публично торгуемый индексный фонд на основе криптовалют.

2019-10-15 10:11


Фото:

Grayscale Wins First US Approval For Cryptocurrency-Based Security

A pivotal US self-regulatory organization has formally licensed the country’s first public security based on cryptocurrency markets. Large Cap Fund Gets FINRA Say-So Shares of Grayscale’s Digital Large Cap Fund (DLC) received the green light from the Financial Industry Regulatory Authority (FINRA) this week, a press release confirmed on October 14.

2019-10-15 22:47


FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP

Grayscale Investments got a green light from FINRA for a publicly-quoted security that derives its value from a basket of digital currencies, similar to ETF. The news was made official through a press release, which read, “Shares of Grayscale® Digital Large Cap Fund (DLC) have received approval from FINRA for public quotation under symbol: GDLCF […] The post FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP appeared first on AMBCrypto.

2019-10-15 21:30


Grayscale снижает альткоины в своём портфеле

Компания по управлению цифровыми активами Grayscale Investments объявила о выпуске своего ежеквартального обзора с обновлённой информацией по её большой цифровой капитализации (DLC). В компания утверждают, что DLC Fund является пассивной стратегией, основанной на правилах обеспечения доступа к большому сегменту класса цифровых активов (целевой охват 70%).

2019-10-9 14:18


Фото:

Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.

2019-5-15 19:23


Hedge Fund Bitcoin Buying Spree Accelerated 2400% in Q1: Grayscale

By CCN: The bitcoin price enjoyed a wildly-bullish start to 2019, and the flagship cryptocurrency’s winning streak shows no signs of letting up anytime soon. Hedge Funds Headline 42% Increase in Grayscale Inflows While cryptocurrency remains a retail-dominated market, data from investment firm Grayscale reveals that institutional investors continue to ramp up their exposure to the asset class.

2019-5-14 20:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Litecoin's hash rate hits new high - Will it push LTC higher?

Litecoin consolidation zone breakout underscores potential for a bigger rally in the second half of November. Litecoin hash rate hits new ATH while open interest demonstrates growing activity iThe post Litecoin's hash rate hits new high - Will it push LTC higher? appeared first on AMBCrypto.

Litecoin price prediction - Buyers, is it time to wait for a breakout?

Litecoin, at press time, was at a critical point, facing immediate resistance at $72 and support levels around the 20-day and 50-day EMAs Traders should watch for a patterned breakout to gauge The post Litecoin price prediction - Buyers, is it time to wait for a breakout? appeared first on AMBCrypto.

Litecoin rises as digital asset inflows hit $901 million

Litecoin (LTC) is among altcoins to record slight gains on Monday as Bitcoin (BTC) price spiked above $68k again. This comes as cryptocurrency investment products recorded another mega inflows week, despite BTC struggling as bears rejected the advance above $69k.

Litecoin set for recovery? LTC's $36B on-chain activity suggests...

LTC has declined by 3.74% over the past week. Despite the decline, Litecoin's on chain activity surges with 512.8 million moving on-chain. After a sustained decline, Litecoin [LTC] saw a brThe post Litecoin set for recovery? LTC's $36B on-chain activity suggests... appeared first on AMBCrypto.

Litecoin (LTC) founder is optimistic about spot ETF approval

Litecoin received a major boost last week when asset management platform Canary Capital filed for the listing of a spot Litecoin exchange-traded fund. Now Litecoin founder Charlie Lee says he believes the US Securities and Exchange Commission will give a greenlight for the spot Litecoin ETF.

Is Litecoin's price revival underway? Social engagement could be key!

Litecoin concluded a bullish week aided by a resurgence in social engagement Whales have been contributing to the rally, but the cryptocurrency might see a pullback soon It has been an interThe post Is Litecoin's price revival underway? Social engagement could be key! appeared first on AMBCrypto.