Charles Hoskinson Reacts to Grayscale Removing ADA from GDLC

Charles Hoskinson, the founder of Cardano, recently reacted to Grayscale Investments’ decision to remove Cardano (ADA) from its Digital Large Cap Fund (GDLC). In response, Hoskinson tweeted, “Wall Street give; Wall Street take,” highlighting the unpredictable nature of investment strategies and the volatility of the cryptocurrency market. This comment emphasizes how Wall Street can sometimes exert control over the cryptocurrency and digital asset environment. Grayscale conducted a comprehensive review and rebalanced the GDLC portfolio, resulting in the removal of ADA and the inclusion of other cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and Avalanche. Grayscale made these adjustments to maintain diversified portfolios and optimize fund performance in line with market trends. However, the company has faced criticism for its lack of updates on its Bitcoin holdings. It’s important to note that the information provided in the article is for informational purposes only and does not constitute financial advice.