Grayscale adds Chainlink to its large-cap digital asset fund
Grayscale Investments announced Tuesday a rebalancing of its large-cap crypto fund, a move that adds the Chainlink token to the entity's list of held digital assets. Grayscale said that it "adjusted the Fund's portfolio by selling the existing Fund Components in proportion to their respective weightings and using the cash proceeds to purchase Chainlink (LINK) in accordance with the Fund's construction criteria." The Grayscale Chainlink Trust was among those launched in March, as the firm previously announced. As explained on its website, Grayscale's Digital Large Cap Fund is also comprised of bitcoin, ethereum, bitcoin cash and litecoin. The fund is market cap-weighted and as of April 5 had $538.2 million in assets under management. Per Tuesday's press release, the fund is comprised of 79.8% BTC.