Friday, July 30, 2021
Home Crypto News Market Grayscale 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).

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.

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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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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