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Charles Hoskinson Reacts to Grayscale Removing ADA from GDLC
Grayscale, the world’s largest crypto asset manager, conducted a comprehensive review in accordance with the CoinDesk Large Cap Select Index methodology, leading to the rebalancing of GDLC and the removal of ADA.
Hoskinson’s reaction, “Wall Street give; Wall Street take,” puts lights on the uncertain nature of investment strategies and the fluctuations within the cryptocurrency market. His comment shows the nature of the cryptocurrency and digital asset environment and how it is controlled by Wall Street sometimes.
Effective from April 3, 2024, the revised portfolio composition of GDLC includes Bitcoin (BTC) at 70.96%, Ethereum (ETH) at 21.84%, Solana (SOL) at 4.52%, XRP at 1.73%, and Avalanche (AVAX) at 0.95%.
Meanwhile, Grayscale’s other funds, such as the Grayscale DeFi Fund (DEFG) and the Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE), have also been readjusted according to their respective index methodologies.