Grayscale Rebalances Its Large Cap Fund: More Litecoin (LTC), Less XRP (XRP)


Grayscale Investments, a digital asset management firm founded by Digital Currency Group, announced Friday that it has completed its quarterly review to update the weightings of its Digital Large Cap Fund (DLC).

According to Grayscale, DLC is a passive, rules-based strategy that seeks to provide exposure to large-cap cryptocurrencies with 70% target total market coverage.

Notably, the biggest decrease in portfolio weighting was XRP (XRP), which dropped from 14.7% to 11.9%, while the biggest increase was Litecoin (LTC), which rose from 1.8% to 3.3%.

Following this week’s rally, Grayscale’s assets under management are over $1 billion for the first time in months, with the DLC representing only $11 million of that total.

The majority of Grayscale’s assets are currently invested in Bitcoin (BTC), with Ethereum Classic (ETC) in a distant second.

More: Grayscale DLC Rebalance Announcement

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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