- Crypto asset manager Grayscale has re-added XRP to its Digital Large Cap Fund.
- XRP now holds 2.54% of the GDLC’s valuation, making it the fourth-largest component.
- While speculation exists about an XRP ETF, Grayscale has not officially hinted at such a product.
Grayscale, a prominent U.S. digital asset investment firm, has re-added XRP to its Digital Large Cap Fund, a significant move that hints at potential plans for an XRP ETF.
The digital asset investment firm made this disclosure through a press release yesterday. The announcement notably outlined the quarterly rebalancing of several Grayscale investment products. Specifically, the firm noted acquiring more Avalanche (AVAX) tokens and reintroducing XRP to the fund.
Following the rebalancing, XRP now holds 2.54% of the Digital Large Cap Fund’s market cap. This makes it the fourth-largest component after Bitcoin, Ethereum, and Solana. The fund, with $378.4 million in assets under management, is Grayscale’s third-largest investment product.
The decision to include XRP comes after its removal in January 2021 due to the SEC’s lawsuit again…
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