Grayscale Makes Big Changes to Altcoin Fund Baskets: Significant Ripple (XRP) Detail

Grayscale, one of the largest digital asset management companies in the cryptocurrency world, announced that it has made significant changes in the altcoin content of the funds it manages.

Grayscale Digital Large Cap Fund (GDLC), Grayscale DeFi Fund (DEFG), and Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE) are subject to rebalancing for the fourth quarter of 2023.

In accordance with the CoinDesk Large Cap Select Index operating system, Grayscale adjusted GDLC’s portfolio by selling certain amounts of existing fund components in proportion to their respective weights. The cash proceeds were used to purchase Avalanche (AVAX) and XRP. As a result of the rebalancing, Polygon (MATIC) was removed from GDLC. GDLC’s Fund Components are a basket of the following assets and weights as of day-end January 4, 2024:

• Bitcoin (BTC), 69.15%
• Ethereum (ETH), 21.90%
• Solana (SOL), 3.65%
• XRP, 2.54%
• Cardano (ADA), 1.62%
• Avalanche (AVAX), 1.14%

In accordance with the CoinDesk DeFi Select Index operating principle, Grayscale reorganized DEFG’s portfolio by selling certain amounts of existing fund components in proportion to their respective weights. As a result of the balancing, Curve DAO Token (CRV) was removed from DEFG. DEFG’s fund components consisted of the following assets at the end of the day on January 4, 2024:

• Uniswap (UNI), 41.11%
• Lido (LDO), 23.90%
• MakerDAO (MKR), 13.39%
• Aave (AAVE), 12.63%
• Synthetix (SNX), 8.97%

No new tokens have been added to or removed from the GSCPxE Fund. The Fund Components of the GSCPxE Fund consisted of the following assets at the end of the day on January 4, 2024:

• Solana (SOL), 44.54%
• Cardano (ADA), 19.77%
• Avalanche (AVAX), 13.89%
• Polkadot (DOT), 9.75%
• Polygon (MATIC), 8.25%
• Cosmos (ATOM), 3.80%

*This is not investment advice.