Cryptocurrency

Giant Investment Company Adds This Altcoin To Its Portfolio!

The world’s largest crypto asset management company, Grayscale, has announced its new altcoin project that it has added to its investment works cluster. The announcement of the company, which announced that it has included a new project in the altcoin basket it offers for individual and institutional investors, is of interest to crypto investors.

New altcoin will be the third largest fund from day one

The largest fund owned by the company is Bitcoin (BTC) with 67.47%. The second-ranked Ethereum (ETH) will hold 25.39% of the stake, while the new and third-name Cardano (ADA) will have 4.26% of the pie. The remaining shares are owned by Bitcoin Cash (BCH), Litecoin (LTC), and Chainlink (LINK) at around 1% or less.

While speaking of funds, it should be noted that Grayscale previously included XRP in its fund. But earlier this year, XRP lost its place in the company after the U.S. Securities and Exchange Commission accused Ripple of selling the crypto asset as an unregistered security. The company is currently valuing several altcoins, including Solana (SOL) and Polygon (MATIC), rather than the 7th largest cryptocurrency.

This attack will make Cardano and Ethereum a direct competitor

Finally, Cardano is a Blockchain network started by Charles Hoskinson, one of the co-founders of Ethereum. Cryptocoin. com, the platform is expected to offer smart contracts in August. For analysts, this attack will make Cardano and Ethereum a direct competitor.

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