Grayscale fund drops ADA and ATOM after quarterly rebalancing
The proceeds from the sold tokens were used to buy existing portfolio components, according to Grayscale. Both ADA and ATOM are down year-to-date.
Grayscale has removed Cardano’s (ADA) token from its Grayscale Digital Large Cap Fund (GDLC) and Cosmos’ (ATOM) token from its Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE).
The removal of the tokens was part of Grayscale’s quarterly fund rebalancing, the world’s largest crypto-focused asset manager announced in an April 4 X post. The proceeds generated from selling the tokens were used to buy existing fund components.
Following the removal of the ADA token, Grayscale’s large-cap fund now consists of 70.96% Bitcoin (BTC), 21.84% Ethereum (ETH), 4.52% Solana (SOL), 1.73% XRP (XRP), and 0.95% Avalanche (AVAX).
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