Cardano (ADA) is returned to the Greyscale Digital (GDLC) major capitalization fund.
Over the past few months, Cardano (hell) I survived the Renaissance thanks to Technical eventsIN Key partnershipsAnd a significant increase in prices.
This Renaissance, perhaps, will currently lead to an increase in institutional acceptance in accordance with a quiet change in the composition GrayThe largest multi -account fund.
Cardano returns to Fund Digital Cap Fund Grayscale Digital
In April 2024, the leading manager of crypto -aciates Greyskal community Cardano (ADA) His decision To discard the asset from the major capitalization fund Greyscale Digital (GDLC), its largest multi -level fund.
At that time, the company led to renewal in Coindesk Large CAP Select Index (DLCS), which tracks the fund. This index measures the market capital productivity of the five most liquid crypto assets with non-tabing in the TOP-20 as a result of market capitalization.
We will move to January 6, 2024, ADA now returned to GDLC per Web Sit GrayscaleReflecting an increase in ADA volumes in recent months.
Although it is definitely unclear when Grayscale has made changes, it probably happened in about 4 quarter of 2024, agreed with an increase in the price price of ADA from $ 0.3263 to a maximum of $ 1.3264. GreyScale renewal statement in 3 Also, I did not include ADA in GDLC.
ADA replaces Avalanche (AVAX) to join Bitcoin (BTC)IN Ethereum (ETH)IN Solana (SOL)And XRP The fund has 811.5 million dollars.
Increasing institutional adoption for Cardano (ADA)
With the return of ADA to GDLC, it seems that it will increase the institutional impact. Representing 1.44% of the composition of the fund balanced on market capitalization, the fund has an ADA worth more than 11 million dollars for investors.
This Holding ADA can in the near future if Grayscale receives a permit to convert GDLC to the exchange fund. Firm Filed for this In October 2024.
