😂 Grayscale’s Smart Contract Fund: Cardano Joins the Party! 😂

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In this grand theater of digital coinery, Grayscale doth present a new act! Behold, Cardano (ADA) hath taken the stage, joining the illustrious company of Ethereum, Solana, and others in the Smart Contract Fund. 🎭

Let us whisper of numbers, for they are the court jesters of this financial farce. SOL, with a sly grin, hath captured the crown at 31.3%, while Ethereum, ever the dramatist, just misses the mark at 31.22%. Cardano, with a flourish, claims the third chair at 18.23%. 🎯

But fear not, for this fund is a well-rehearsed ballet, with no soloist allowed to grand jeté beyond the 30% mark. Thus, the quarterly rebalancing ensures a dance of equitable distribution. 🌹

Grayscale Smart Contract Fund now includeth Ethereum, Solana, Cardano, Avalanche, Sui, Near, and Polkadot. The Fund, which rebalanceth quarterly, is market cap-weighted and subject to a 30% cap upon each rebalance. #ethereum $SOL $ADA $AVAX $SUI $NEAR $DOT

Available to eligible…

— Grayscale (@Grayscale) February 28, 2025

Grayscale, ever the cunning impresario, offereth investors a ticket to the blockchain spectacle without the burden of digital asset management. Instead, they hold shares that reflect the fund’s glittering assets. Yet, Grayscale retaineth the right to exclude assets as it see fit, like a director choosing his cast. 🎟️

As for the current state of affairs, the NAV per share is at $10.44, with a modest 0.19% daily ascent, as if the stage were ever so slightly raised. The total assets under management amount to $3,230,325.87, and the shares outstanding number 309,400, a veritable audience of investment enthusiasts. 🎟️

Cardano’s presence is no mere stagehand; it is a leading role. Institutional investors gaze upon ADA’s progress in the smart contract realm with keen interest. Cardano, known for its scalability and security, stands poised to shine even brighter with the ADA ETF on the horizon, challenging Ethereum’s long-held spotlight. 🌟

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2025-02-28 19:17