Grayscale has removed XRP from its Digital Large Cap Fund, bought more of BTC, ETH, LTC and BCH
The world’s largest crypto asset manager Grayscale has removed XRP from its Digital Large Cap Fund after the US Securities and Exchange Commission charged Ripple and co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over $1.3 billion through an unregistered “securities offering.”
Grayscale said it sold all XRP from the fund on Monday and bought more of BTC, ETH, LTC and BCH. XRP was approximately 1.46% of the fund. The revised components of the fund are BTC (81.63%), ETH (15.86%), LTC (1.43%), and BCH (1.08%).
“Grayscale Digital Large Cap Fund allows investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the Fund’s shares. The Fund seeks to hold large cap digital assets that collectively comprise 70% of the entire digital asset market”, according to Grayscale’s website.
As AZCoin News reported recently, Bitwise announced that its Crypto Index Fund liquidated its position in XRP.
- Grayscale Had Taken Advantage Of The Recent XRP Developments With A Massive Purchase At A Lower Price
- Grayscale Investments Reached $16.4B In AUM, Adds $3.4B In 1 Week