The ADA/USD closed at $1.461623, after placing a high of $1.494345, and a low of $1.420712. The ADA/USD extended its gains for the third consecutive session, reaching its highest level since June 18, as the US dollar came under pressure. Besides the weakness of the greenback, the ADA/USD pair was also higher on board, as Grayscale Investment acquired Cardano and added it to the Grayscale Digital Large Cap Fund. Grayscale reported that they have sold a proportionate amount of the existing components in the fund, and used the cash to buy Cardano tokens.

After adding Cardano, the total number of cryptos involved in the fund rose to six: Bitcoin, Bitcoin cash, Litecoin, Chainlink and Ethereum. However, at 67.47%, the share of Bitcoin in the fund is largest, followed by Ethereum, with a 25.39% share. While ADA is the most recent addition, it is still the third-largest component within the fund, at a proportion of 4.26% of the portfolio. Next comes BCH, at 1.03%, followed by LTC at 0.99%. Finally, at 0.86%, LINK has the smallest share of the fund.