Cardano ADA SKYROCKETS To The Third-largest Holding in Grayscale’s GDLC fund

Guys, we have really interesting news today, Cardano has been added to Grayscale’s Digital Large Cap Fund. And it’s good news for us cardano lovers that Cardano has risen to become the company’s third-largest stake after the major asset management business published its quarterly rebalance.
Cardano’s inclusion in the portfolio required some adjusting, according to Grayscale. Grayscale had to sell some of its components in order to purchase ADA. And if we look into the past, Grayscale has done similar things. Grayscale made the same change in April to acquire Chainlink before buying Cardano .
So, The Chainlink is a decentralised oracle network which is powered by the Ethereum currency. This network enables Ethereum smart contracts to connect to other data sources, APIs, and payment systems in a secure manner. The chainlink token had taken the place of XRP, which had been removed from the GDLC by Grayscale. After the US Securities and Exchange Commission (SEC) launched a lawsuit against Ripple, saying it had sold unregistered securities, the firm removed XRP from the fund on January 5. Chainlink was introduced to the fund on April 6.

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Cardano ADA SKYROCKETS To The Third-largest Holding in Grayscale’s GDLC fund

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