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).
3/ Although no new assets qualified for inclusion following DLC’S Quarterly Review (3/31/19), the below table highlights how DLC’s weightings have changed from December 31, 2018 to March 31, 2019: $BTC $ETH $XRP $BCH $LTC pic.twitter.com/HwlKPKTQDV
— Grayscale (@Grayscale) April 5, 2019
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.
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.
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.