In brief
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$97,645.00
2.91%$3,412.95
3.66%$2.26
4.25%$668.37
2.54%$186.75
-0.42%$0.326967
10.06%$1.001
0.18%$3,408.00
3.14%$0.927936
8.83%$0.246379
2.78%$38.94
5.92%$23.02
5.74%$4,026.92
3.03%$4.73
14.53%$5.35
2.62%$0.00002232
9.88%$97,173.00
2.62%$33.39
25.00%$0.36263
5.16%$7.16
7.64%$0.257407
0.91%$3,411.09
3.55%$453.39
8.30%$9.34
1.50%$13.43
11.88%$101.35
7.96%$0.00001794
12.57%$3,600.17
3.42%$5.19
4.70%$4.31
3.20%$0.99997
0.21%$9.91
-6.24%$0.999627
-0.01%$10.61
9.55%$309.00
4.61%$0.163728
5.55%$0.487447
7.16%$1.20
4.77%$26.54
3.75%$7.39
9.75%$0.04687772
10.41%$3.86
3.09%$191.61
10.20%$24.50
0.11%$471.43
6.17%$1.32
5.79%$0.773271
5.75%$1.098
10.49%$5.06
7.69%$0.121978
-0.18%$1.029
9.59%$0.338501
8.04%$45.19
2.31%$2.68
18.39%$6.76
6.26%$1.72
3.22%$1.74
3.12%$1.83
5.51%$0.0000315
12.77%$1.41
5.20%$5.13
7.21%$0.983639
26.06%$2.20
17.48%$21.49
7.30%$3,406.99
3.42%$97,625.00
2.87%$0.213383
6.21%$2.03
9.30%$0.02952659
15.21%$0.436629
6.56%$2.27
7.51%$5.17
3.99%$3,516.23
3.62%$0.999376
0.29%$3,809.30
3.40%$0.00017268
7.45%$0.03435589
9.32%$13.18
7.08%$113.48
9.68%$20.07
17.22%$3,589.99
3.24%$1.75
10.44%$0.03676394
12.66%$0.02776102
2.46%$97,521.00
2.53%$1,654.11
2.35%$0.02776778
10.26%$3.32
0.14%$1.001
0.19%$0.577176
10.33%$0.376359
6.15%$11.27
6.24%$1.36
4.73%$0.225842
3.14%$1.29
12.38%$0.13165
8.15%$97,384.00
2.87%$4.46
6.41%$3,511.27
3.83%$0.818908
7.98%$6.99
6.95%$190.90
-0.16%$35.57
4.29%$1.63
13.18%$0.850988
3.28%$0.076057
12.72%$0.722617
7.47%$0.492414
5.33%$16.66
3.37%$54.70
5.76%$0.300605
7.05%$1.50
7.10%$0.937817
5.46%$0.00000108
6.18%$231.68
-0.99%$1.11
5.34%$0.818367
10.70%$14.31
4.69%$6.33
11.30%$35.15
9.33%$0.487934
7.26%$0.484125
6.04%$96,598.00
1.34%$97,082.00
2.60%$5.19
13.41%$1.17
7.98%$3,408.05
3.49%$53.55
17.98%$0.846941
-32.56%$3.90
0.97%$2.99
1.07%$0.00000209
-2.86%$3.24
5.97%$0.086903
8.25%$0.721681
10.39%$3,410.82
3.48%$0.162569
6.43%$0.273616
5.05%$0.998935
0.31%$0.762035
5.09%$0.620151
7.22%$0.794648
32.22%$82.45
8.96%$199.27
-0.66%$3,411.87
3.37%$1.93
4.51%$2.41
5.15%$1.58
12.38%$2.06
1.15%$0.00003528
5.82%$266.94
8.41%$21.34
3.71%$0.0067706
8.33%$1.50
6.87%$0.326521
9.75%$0.00796725
5.27%$0.760142
7.38%$96,754.00
2.38%$0.00651445
6.99%$0.181153
5.45%$2,635.65
0.44%$0.647893
6.53%$0.996164
0.26%$0.644958
3.21%$5.77
7.88%$3,590.96
3.56%$0.00011415
12.74%$0.01147652
13.47%$3,691.13
3.49%$2.48
12.22%$1.28
-7.78%$0.00
16.03%$0.00844232
9.50%$18.47
3.54%$3,412.75
3.36%$1.10
13.26%$0.083744
6.03%$10.99
6.82%$26.77
5.81%$0.00632586
9.03%$0.266879
5.43%$0.395068
7.73%$1.32
17.29%$0.077683
-0.09%$1.019
-0.13%$1.001
0.17%$97,553.00
2.68%$1.28
11.12%$2,631.83
0.68%$14.16
17.43%$96,735.00
3.47%$0.00000052
2.56%$9.02
-11.24%$1.51
1.64%$0.052366
19.81%$0.502691
17.28%$31.51
15.51%$3,345.94
0.49%$0.010918
9.49%$1.003
0.34%$3,410.24
3.37%$4.88
6.06%$0.437766
9.36%$0.00624521
15.26%$0.294401
60.54%$0.061132
6.11%$97,286.00
2.78%$37.37
7.72%$1.072
-2.26%$3,672.34
3.63%$0.00250459
11.31%$3,553.60
3.31%$0.065346
6.56%$0.0063763
6.88%$0.00565435
11.60%$2.08
7.32%$0.00099903
9.19%$0.02135484
9.87%$0.072284
2.10%$3.16
5.14%$5.23
5.02%$1.079
-0.05%$1.00
0.64%$0.225863
9.32%$88.18
1.11%$0.00000319
7.33%$0.465179
5.57%$0.211372
6.33%$1.00
-0.05%$24.78
30.10%$2.47
-1.45%$3,760.99
3.90%$0.00000018
5.66%$0.673185
8.69%$0.03778466
3.91%$0.895437
4.04%$0.369431
52.67%$3.42
8.11%$1.001
0.25%$2.91
-3.15%$0.138515
2.64%$3,412.68
3.39%$45.82
6.31%$0.0358757
7.99%$0.01070473
8.53%$0.357273
3.93%$3,602.72
3.47%$0.721033
12.69%Crypto investment firm Grayscale today added Cardano (ADA) to its Digital Large Cap Fund. The New York City-based company announced that the altcoin would make up 4.26% of the fund.
Most of Grayscale’s Digital Large Cap Fund is still Bitcoin (67.47%) and Ethereum (25.39%) but the company wanted to add Cardano, the fifth largest cryptocurrency by market cap, to diversify its portfolio, it said.
Grayscale added Chainlink (LINK) to its Digital Large Cap Fund in April. LINK now makes up 0.86% of the fund.
“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,” Edward McGee, Vice President of Finance at Grayscale, said in a statement.
Cardano is a blockchain platform that competes with the likes of Ethereum. Cardano’s founder, Charles Hoskinson, also co-founded the Ethereum network. The project calls itself the “first third generation cryptocurrency” and, like Ethereum, aims to be a platform on which people can create smart contracts (bits of code that carry out instructions automatically.)
ADA, Cardano’s native cryptocurrency, has climbed up the ranks within the last year. It’s now the fifth-most valuable crypto asset around, with a market cap of $43 billion. ADA was today trading at $1.35, up nearly 1% in the past 24 hours, according to CoinGecko.
Grayscale funds allow investors to have a stake in certain cryptocurrencies without actually holding them, by buying shares pegged to the value of the coins in each fund. This way, investors don’t need to worry about the buying and storing of cryptocurrencies, which can be complex for the traditional investor.
The rest of its Digital Large Cap Fund is made up of Bitcoin Cash (1.03%) and Litecoin (0.99%)—two other assets that sit in the top 20 biggest cryptocurrencies by market cap.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.