Grayscale Removes ADA and ATOM Tokens from Portfolio

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Grayscale, the world's largest crypto-focused asset manager, has removed ADA and ATOM tokens from its portfolio as part of its quarterly fund rebalancing. Both tokens have underperformed Bitcoin and Ether this year.

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.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 Grayscale is the world’s largest crypto-focused asset manager .

At the end of March, it announced a crypto investment fund prioritizing The new Grayscale Dynamic Income Fund is only available to clients with more than $1.1 million assets under management or a net worth of more than $2.2 million.Cardano’s ADA token fell 8.1% year-to-date (YTD) while ATOM fell over 3.3%, significantly underperforming both Bitcoin, the world’s first cryptocurrency, and Ether.ADA is down over 10% on the weekly chart, after falling below the $0.6 psychological mark on April 2, and is currently 81% away from its previous all-time high of $3.10 reached in September 202

Grayscale ADA ATOM Portfolio Tokens Crypto Asset Manager Rebalancing Bitcoin Ether

 

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