GDLC - GDLC: Grayscale Adds Hot Altcoin Cardano To Large Cap Fund Ahead Of Key Update

• Cardano enabling smart contracts and DApps with the Alonzo hard fork's coming release to its mainnet provides a meaningful price catalyst.
• With respect to recent sustainability and ESG debates, note that Cardano has a strong foundation with its energy efficient, secure proof-of-stake mechanism called Ouroboros.
• A key benefit of the Fund is the professional safekeeping provided on the digital assets. Grayscale uses cold storage with Coinbase Custody Trust Company as custodian.
• The Fund provides diversification to popular, large capitalization, high function altcoins that have outperformed a Bitcoin-only holding.
• Grayscale's funds are eligible be held in certain IRAs. Beyond normal OTC commissions, there will not be additional funding and trading fees as seen with other crypto products.

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