Data shows traders rushed to buy altcoins during Bitcoin’s dip to $50K
published: 36 minutes ago
Bitcoin price may be stuck in a rut but this hasn't stopped traders from loading up on LINK, BAND and Qtum.
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The digital currency manager Grayscale Investments announced that the firm has updated its Digital Large Cap Fund (GDLC) in order to add the crypto asset chainlink to the fund. Following Grayscale’s recent announcement telling the public that it intends to transform the GBTC bitcoin trust into an exchange-traded fund (ETF), the organization revealed that chainlink (LINK) will be joining the Digital Large Cap Fund (GDLC) (OTCQX: GDLC). In addition to chainlink (LINK), the GDLC fund contains bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC). “As of the end of the day on April 2, 2021, the Fund Components were a basket of 79.8% bitcoin (BTC), 17.5% ethereum (ETH), 0.80% bitcoin cash (BCH), 1.00% litecoin and 0.90% chainlink (LINK),” Grayscale notes.