Crypto Giant Grayscale increases Bitcoin and Ethereum exposure at the expense of XRP, BCH and LTC in large cap fund


Cryptographic asset management company Grayscale Investment increases the weights of Bitcoin (BTC) and Ethereum (ETH) in its large-cap digital fund product (DLC) at the expense of XRP, Bitcoin Cash (BCH) and Litecoin (LTC) .

In a series of tweets, Grayscale illustrates the new composition of its DLC fund – an investment option product that offers exposure to Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin.

The first crypto asset manager in the world reveals that between March 31 and June 30, he refined his holdings in DLC and added 0.5% in BTC and 2.1% in Ethereum. Meanwhile, the investment firm decreased XRP’s shares by 1.4%, Bitcoin Cash by 0.8%, and Litecoin by 0.6% during the same period.

Source: Grayscale / Twitter

The digital asset investment company announced an update to its DLC weights after the fund’s latest quarterly review was released on June 30. The company’s net assets under management (AUM) in its large-cap digital fund are $ 33 million.

As of July 10, Grayscale manages $ 4.1 billion in crypto investments, including $ 3.55 billion in Grayscale Bitcoin Trust (GBTC) and $ 410.1 million in Grayscale Ethereum Trust (ETHE).

Grayscale’s current AUM of $ 4.1 billion represents a huge 250% increase over its total crypto investments of $ 1.17 billion at the end of 2019.

The inflow of investment capital in Grayscale’s encryption products in the first six months of this year far outweighs all investments from 2013 to 2019 combined.

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