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HomeCrypto NewsMarketGrayscale Adds Chainlink To Digital Large Cap Fund (GDLC)

Grayscale Adds Chainlink To Digital Large Cap Fund (GDLC)

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The world’s largest digital asset manager, Grayscale has filled the gap opened by XRP in the Digital Large Cap Fund with Chainlink (LINK).

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Chainlink is one of the 10 largest cryptocurrencies with a market capitalization of more than $13 million.


The Digital Large Cap Fund (GDLC) in the Grayscale business has $538.2 million in assets under management. The fund is opened to investors only at certain periods of the year.

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Investors can invest in cryptocurrencies with the largest market capitalization through GDLC. Corporate and qualified investors involved in the fund can sell after a one-year waiting period after making a purchase.

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Read: 5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

Until this year, GDLC consisted of Bitcoin, Ethereum, Litecoin, Bitcoin Cash and XRP. On January 5, Grayscale took the decision to withdraw XRP from the fund. LINK will now fill the void caused by XRP removal.

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As of April 2, the distribution of the fund is as follows::

  • 79.8% Bitcoin
  • 17.5% Ether
  • 0.80% Bitcoin Cash
  • % 1 Litecoin
  • 0.90% Chainlink

LINK increased 6.1% over the past 24 hours, trading at $33.11, according to CoinGecko data.

Grayscale has also established a chainlink trust recently.

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Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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