Grayscale have just announced that they have adjusted the portfolio of Grayscale Digital Large Cap Fund by selling certain amounts of the existing Fund components in proportion to their respective weightings and using the cash proceeds to purchase ADA. The table above shows the weightings as of July 2, 2021.
The Digital Large Cap Fund enables institutional and accredited investors to gain access and exposure to the upper 70% of the digital currency market in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly.
This is very positive and speaks volumes about the wider adoption and development of Cardano and ADA. More good news for ADA HODLers.