Grayscale announced that it has acquired Cardano (ADA). After this acquisition, the company’s third most held asset was ADA.
Grayscale, the world’s leading digital asset management fund, has announced that ADA is currently the company’s third-largest asset.
According to an announcement made earlier today, Grayscale, the world’s leading digital asset manager, announced the Grayscale Digital Large Cap Fund portfolio; purchased Cardano (ADA) with cash proceeds and selling certain quantities of existing fund components proportional to their own weight.
According to the chart provided by the company, ADA is currently the fund’s third-largest asset after Bitcoin and Ethereum, accounting for 4.26% of the total portfolio.
Edward McGee, Vice President of Finance at Grayscale, said:
“We are excited to welcome Cardano into our Digital Major Equity Fund portfolio as we work to ensure that our diversified fund can collectively securely hold assets that make up 70% of the entire digital asset market. Digital currencies offer a unique opportunity for investors to diversify their portfolios, and Grayscale is proud to provide our investors with access to leading digital currencies through regulated, familiar product offerings.”