Grayscale announced the changes it made to its portfolio during its quarterly rebalancing process. While Fox correspondent Eleanor Terrett removed the fund from MATIC’s portfolio, XRP announced that they made the investment.
The fund, which aims to offer investors ‘large capital’ investments in digital assets, has made some changes as of January 4, 2024. The fund currently has its largest investment in Bitcoin (BTC) at 69.15%, followed by Ethereum (ETH) at 21.90%, Solana (SOL) at 3.65% and the newly introduced XRP at 2.54%. Other components include Cardano (ADA) at 1.62% and Avalanche (AVAX) at 1.14%.
Eleanor Terrett shared the development on Twitter and commented on Grayscale’s decision to include XRP in its Digital Large Cap Fund. shared. This move of the company seems to be in line with the dynamics in the cryptocurrency market.
🚨NEW: Following a quarterly rebalance, @Grayscale has added $XRP to its Digital Large Cap Fund which seeks to provide investors with exposure to large-cap coverage of the digital asset market. pic.twitter.com/YfLwgIM5JX
NEWS CONTINUES BELOW— Eleanor Terrett (@EleanorTerrett) January 6, 2024
The addition of XRP, as well as the removal of MATIC, shows that the fund is ready to adapt to market changes and explore opportunities that align with its investment objectives.