Grayscale Increases Bitcoin and Ethereum Allocation to 90%, Adds Cardano to Fund
Bitcoin and Ethereum dominate 90% of Grayscale’s fund.
Cardano replaces Avalanche after 75% year-to-date appreciation.
Grayscale seeks regulatory approval for new crypto ETFs.
Grayscale Investments announced a significant adjustment to its Digital Large Cap Fund, increasing Bitcoin and Ethereum’s dominance to 90% of the portfolio. This change reflects a quarterly reallocation strategy based on the CoinDesk Large Cap Select Index, which tracks the largest-cap digital assets. Bitcoin now occupies 73.52% of the fund, while Ethereum holds 16.16%, reinforcing its role as the leading cryptocurrencies in the market.
At the time of publication, the price of Bitcoin was quoted at US$ 93,816.34 with a decline of 0.5% in the last 24 hours.
As part of the restructuring, Grayscale removed Avalanche from the fund, citing the cryptocurrency’s poor performance over the past year. While Avalanche remained largely stable, Cardano, which replaced the asset in the portfolio, saw its value increase by 75% over the same period. Cardano enters the fund with a 1.44% allocation, standing out as one of the best-performing crypto assets recently. XRP and Solana maintain significant positions in the portfolio, with 5.05% and 3.83% allocations, respectively. The company also highlighted its efforts to convert some of its funds into ETFs. Grayscale’s goals include transforming the Digital Large Cap Fund and Solana Trust into exchange-traded products, aiming to expand investor access to cryptocurrencies. $XRP