Cardano (ADA) has been added back to Grayscale's largest multi-asset fund, the Grayscale Digital Large Cap Fund (GDLC), after being removed in April 2024. The decision to remove ADA at that time was due to a rebalancing in the CoinDesk Large Cap Select Index (DLCS). ADA's return to the GDLC aligns with its significant price surge and increased volumes in recent months. The fund now includes ADA along with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. ADA represents 1.44% of the fund's composition and could see increased institutional exposure. Grayscale has also filed to convert the GDLC into an exchange-traded fund.



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