Grayscale Announces Update and Rebalance of Fund Components, Adds Chainlink

2021-4-7 20:02

Grayscale Investments, the manager of Grayscale Digital Large Cap Fund, has announced their updated fund component weightings for the fund. 

The recently announced update was made possible through the sale and rebalancing of fund components in proportion to their respective weightings, while the cash proceeds were used to purchase chainlink (LINK). 

The fund is set to anticipate and eliminate any difficulties in directly buying, selling, and storing digital assets. As of March 2021, the digital asset managers had roughly $41 billion under their management, with $34.7 of that in bitcoin (BTC).

Grayscale’s recent developments

This rebalancing update comes only a month after Grayscale announced their five new investment trusts, which included LINK. The Grayscale Chainlink Trust encourages and offers investors exposure to the price movement of LINK, the trust’s native token. 

Chainlink runs on the Ethereum (ETH) blockchain and uses the LINK token to incentivize node operators on Chainlink to provide oracle services to transfer data from off-chain to on-chain sources. 

With this recent redistribution of funds, the fund components amount of LINK reaches 0.90% and apparently indicates Grayscales’ confidence in LINK as a digital currency asset. 

Chainlink continues to make waves in the crypto space

In February, Chainlink announced the mainnet launch of the network update Off-Chain Reporting (OCR). That launch marked a significant milestone for the decentralized oracle networks in terms of scalability.

The update is set to serve as a replacement to the previous FluxAggregator model. For Chainlink users, this can mean increases in accuracy, availability, and difficulty in tampering.

In January, SKALE Network partnered with Chainlink in order to utilize its oracle solutions. Through this partnership, SKALE is able to ensure quick and secure launches of new products and applications.

The post Grayscale Announces Update and Rebalance of Fund Components, Adds Chainlink appeared first on BeInCrypto.

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

fund grayscale adds components chainlink announces rebalance

Источник: beincrypto.com

fund grayscale → Результатов: 126


Grayscale drops Cardano (ADA) from its digital large cap fund

Grayscale has removed Cardano (ADA) from its Digital Large Cap Fund following a quarterly rebalancing. The asset manager also removed Cosmos (ATOM) from its smart contracts fund. Crypto asset manager Grayscale provides quarterly updates for its multi-asset funds Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and the Grayscale Smart Contract Platform Ex-Ethereum Fund.

2024-4-7 14:49


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

Crypto startups secure $691 million in venture capital during September

Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth.

Is Bitcoin Mining Worth It?

Crypto Fundamentals: A quick guide on how to calculate your costs, ROI and potential profitability to see if Bitcoin mining is worth it for you. The post Is Bitcoin Mining Worth It? appeared first on CoinCentral.

VC funding for crypto startups soars to $634M in August

Venture capital (VC) funds invested $634 million in crypto startups in August — up 15% from July, based on DefiLlama data. Projects focusing on blockchain infrastructure secured nearly $460 million in funding, accounting for 72% of the total raised by crypto startups last month.

Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million

The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse. This strategic funding, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision […] The post Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million appeared first on CryptoSlate.