Breaking: Grayscale Adds Chainlink to its Large Cap Fund

By Prashant Jha
Published April 6, 2021 Updated April 6, 2021
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Breaking: Grayscale Adds Chainlink to its Large Cap Fund

By Prashant Jha
Published April 6, 2021 Updated April 6, 2021

Grayscale Investments, the largest digital asset manager announced the addition of Chainlink to its Grayscale Digital Large Cap Fund (GDLC) after updating the Fund Component weightings. The firm in its official announcement said,

Grayscale has adjusted the Fund’s portfolio by selling the existing Fund Components in proportion to their respective weightings and using the cash proceeds to purchase Chainlink (LINK) in accordance with the Fund’s construction criteria.

The addition of Chainlink to Grayscale’s Large Cap Funds comes just a week after the asset manager announced an independent Trust for Chainlink allowing investors exposure to Chainlink market movements.

 

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About Author
Prashant Jha
1191 Articles
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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