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.
$100,991.00
4.99%$3,828.60
6.21%$2.39
3.25%$227.21
6.86%$716.85
6.74%$0.412407
5.99%$0.999527
0.06%$1.086
8.06%$3,824.93
6.26%$0.283546
5.99%$48.76
10.89%$0.00002885
7.40%$6.38
8.33%$4,543.74
5.87%$24.14
10.76%$9.02
9.09%$100,773.00
5.09%$0.433823
3.13%$4.49
22.51%$0.294287
4.81%$547.74
7.47%$0.00002505
8.88%$3,828.90
6.14%$17.16
13.82%$117.86
8.59%$9.50
0.38%$6.85
8.52%$4,033.96
6.03%$13.11
14.40%$13.19
13.76%$1.002
0.10%$16.18
18.12%$0.636087
11.45%$0.999803
0.07%$33.84
14.05%$0.184392
9.23%$9.57
10.49%$0.059462
9.48%$1.82
9.57%$1.35
12.72%$607.78
7.68%$3.20
17.67%$297.55
11.22%$0.163578
5.38%$1.005
9.07%$6.70
9.80%$4.29
7.65%$205.61
14.53%$0.451032
8.30%$25.06
0.93%$2.39
11.54%$1.26
10.61%$8.83
12.75%$55.16
5.84%$7.28
10.87%$1.88
10.18%$1.05
17.04%$3.06
8.46%$0.00003956
12.15%$2.34
7.68%$28.86
7.85%$0.284985
10.46%$2.59
10.20%$1.79
8.14%$4.52
23.54%$0.607327
11.91%$3.14
12.37%$0.00024357
10.37%$3,832.27
6.15%$6.35
6.39%$0.05152
14.50%$0.04381744
11.62%$142.64
5.43%$0.03847885
15.87%$101,083.00
5.06%$4,292.07
6.22%$1.91
23.48%$0.785446
14.12%$3,946.92
6.11%$0.182838
11.89%$4,026.36
6.06%$1.00
0.53%$1.92
5.59%$1,892.99
8.16%$1.097
6.78%$0.728478
-5.82%$0.02972699
0.94%$13.35
5.60%$0.442345
9.63%$0.272726
9.29%$12.47
6.26%$5.37
10.64%$2.19
18.76%$23.61
10.60%$3,934.00
5.98%$1.14
10.34%$0.979306
9.77%$1.48
6.13%$2.10
9.32%$0.658682
9.08%$100,846.00
5.34%$0.142118
-6.80%$8.12
1.57%$0.398542
9.51%$17.54
6.74%$1.11
5.05%$3.23
0.71%$100,978.00
4.95%$1.17
9.45%$0.089078
-3.98%$66.96
6.86%$1.32
28.74%$0.00000137
12.10%$39.65
15.67%$47.15
8.25%$18.46
11.72%$0.00000326
-0.11%$282.29
6.68%$8.01
10.49%$0.635609
11.13%$1.25
8.47%$0.655331
11.91%$1.29
10.11%$231.71
6.81%$0.120681
20.27%$1.53
8.31%$3,821.56
6.10%$4,027.25
6.09%$3.96
9.55%$5.03
18.31%$100,542.00
5.31%$3.52
8.22%$0.214412
9.80%$6.15
6.09%$4.05
9.98%$63.14
8.34%$2.92
10.14%$0.34671
12.87%$1.48
3.66%$0.799405
8.36%$0.00947238
12.47%$2.10
9.25%$241.02
6.37%$2.05
7.09%$0.01330773
29.93%$100,575.00
5.12%$103.01
9.48%$0.00000001
12.33%$0.00004518
9.44%$3,829.48
5.92%$0.239205
11.58%$0.794476
39.76%$0.00841092
14.16%$3,828.45
6.37%$0.413226
6.01%$15.82
13.79%$2.18
12.68%$0.919175
10.96%$0.00984469
5.50%$0.999853
0.07%$0.01478883
9.27%$0.116109
10.06%$0.00869476
15.18%$3.15
12.83%$6.90
14.35%$36.29
10.22%$0.364058
10.86%$0.998769
0.04%$0.00013354
8.90%$0.00174347
13.88%$0.717418
10.59%$276.37
7.55%$0.763946
11.59%$4,150.85
5.90%$0.495912
16.56%$5.16
-16.19%$2,723.13
1.02%$1.30
7.84%$0.668753
19.40%$0.01444855
9.46%$101,090.00
5.78%$0.068081
8.54%$3,829.75
5.99%$0.996026
0.37%$2.02
9.44%$0.584996
10.64%$17.23
12.70%$38.34
9.33%$0.00866689
10.20%$0.0000006
5.86%$48.78
7.90%$0.00329274
11.13%$1.42
13.99%$3,825.67
6.03%$5.71
9.70%$0.076644
12.33%$100,886.00
4.93%$1.35
6.72%$3,825.50
5.94%$0.297247
7.46%$2.63
11.90%$0.08114
10.96%$0.02841466
9.15%$0.538742
34.48%$0.999718
0.21%$0.0069582
6.43%$0.078157
6.45%$0.63286
15.55%$0.301522
10.67%$9.37
-0.43%$2,703.02
0.75%$0.00000434
13.40%$0.201032
8.69%$0.551499
19.54%$0.00696703
2.85%$6.32
5.84%$4.07
18.84%$100,620.00
4.71%$0.00000024
8.52%$1.02
1.28%$4,110.61
6.00%$4,005.72
6.17%$27.89
12.75%$0.879875
7.17%$0.0476558
13.06%$0.01436373
8.90%$1.15
8.65%$5.99
2.80%$0.667811
8.28%$0.04900443
8.60%$1.65
-5.61%$1.11
12.06%$57.00
10.08%$0.504009
10.08%$4.20
10.99%$0.04484423
6.53%$0.085115
16.08%$2.03
8.03%$1.48
10.36%$3,812.99
5.67%$2.28
14.24%$4.16
9.24%$0.291247
11.05%$1.046
-1.48%$0.03537034
5.98%$0.435072
9.04%$4,230.52
5.76%$0.749511
12.85%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.