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.
Number of products increased again to 6:
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.
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.
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.