FYI #Grayscale has 2 funds with $ADA in it. The first is their Digital Large Cap Fund that holds $161.6 mil USD of assets, 2.25% of which is $ADA. The second is their Smart Contract Platform Ex-Ethereum Fund that holds $1.3 mil USD of assets, 28.89% of which is $ADA. 1/n
2/n That is ~$375,570 of $ADA (~1,251,900 $ADA) in the Large Cap Fund and ~$3,636,000 of $ADA (~12,120,000 $ADA) in the Ex-ETH Fund. Together it's less than 14 million $ADA. It's really not that much so their potential collapse is more a problem for the general market
3/3 Yes, that includes #Cardano, but that's more as a consequence of being tied down to $BTC. Their potential liquidation of 14 million $ADA is a non-issue (for reference, #Binance's $ADA trading volume is a couple hundred million per 24 hours).
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