Bitcoin ETF

The post <a href="https://coinpedia.org/news/bill-morgan-applauds-grayscales-strategic-move-to-add-xrp-and-avax-to-digital-large-cap-fund/">Bill Morgan Applauds Grayscale’s Strategic Move To Add XRP and AVAX to Digital Large Cap Fund</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
On January 4, 2024, <a href="https://app.coinpedia.org/company/grayscale" target="_blank" class="profile-details">grayscale</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/company/grayscale" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg"></a> <a href="https://grayscale.com" target="_blank"> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1657785626836pw8wlqaxaz.png" class="company_logo_img" target="_blank"></a> grayscale Lending &amp; Borrowing <a href="https://grayscale.com" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10161442/globe.svg"></a> <a href="https://www.facebook.com/grayscaleinvestments" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2023/01/27173941/facebook-1.png"></a> <a href="https://www.linkedin.com/company/grayscale-investments?trk=company_logo" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/li.svg"></a> <a href="https://twitter.com/grayscale" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190602/tw.svg"></a> Investments strategically reshaped its Digital Large Cap Fund portfolio, as revealed in its SEC filing. The firm incorporated XRP and AVAX, influenced by XRP’s legal resolution and CNBC visibility. 
<h2 class="wp-block-heading" id="h-bill-morgan-applauds">Bill Morgan Applauds</h2> 
<a href="https://twitter.com/Belisarius2020/status/1743420715607724118">Bill Morgan</a>, lawyer and crypto enthusiast, took pleasure in Grayscale’s decision to incorporate XRP and Avalanche (AVAX) in its Digital Large Cap Fund.&nbsp;This announcement comes from <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1729997/000095017024002470/gdlc-20240104.htm">Grayscale’s Form 8-K</a> filed with the Securities and Exchange Commission on January 4, 2024, Grayscale Investments made its filing. 
The filing describes Grayscale’s quarterly review and portfolio rebalancing of its Digital Large Cap Fund.&nbsp;Grayscale strategically added AVAX and XRP, while selling off MATIC demonstrating the firm’s adjustment of its holdings based on market dynamics. 
Morgan pointed out that the decision in Torres provided legal clarity regarding XRP’s standing and how it could be used, especially following the dissolution of the 2021 trust owing to an ongoing lawsuit. 
<h3 class="wp-block-heading" id="h-xrp-s-clear-legality-and-cnbc-s-highlight">XRP’s clear legality and CNBC’s Highlight</h3> 
Morgan’s tweet also mentioned the CNBC “crypto watch” feature, which was sponsored by Grayscale and featured prices of cryptocurrencies like <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin</a>, Ethereum as well XRP. The legal transparency reached by XRP thanks to the Torres case probably played a critical part in Grayscale’s decision to reintegrate it into its portfolio, which was an important move away from positioning on XRP trust liquidation back in 2021. 
Also Read: <a href="https://coinpedia.org/news/ripple-prediction-2024-whats-in-store-for-xrp-price-amidst-ipo-rumor/" target="_blank" rel="noreferrer noopener">Ripple Prediction 2024 : What’s In Store For XRP Price Amidst IPO Rumor</a> 
<h3 class="wp-block-heading" id="h-grayscale-s-renewed-portfolio-composition">Grayscale’s Renewed Portfolio Composition</h3> 
As of January 4, 2024, Grayscale’s rebalancing, as per the CoinDesk Large Cap Select Index (DLCS), is a portfolio consisting of 69.15% BTC, 21.90% ETH, 3.65% SOL, 2.54% XRP, 1.62% ADA, and 1.14% AVAX as of January 4, 2024.&nbsp; 
<h3 class="wp-block-heading" id="h-in-conclusion">In Conclusion …</h3> 
Grayscale’s choice to add XRP and AVAX into its Digital Large Cap Fund alongside the upcoming application for <a href="https://coinpedia.org/news/jan-11th-bitcoin-etf-launch-final-s-1s-expected-monday-multiple-sources-confirm/" target="_blank" rel="noreferrer noopener">Bitcoin ETF</a> points towards market reactiveness as well as characterizes it with anticipation of regulator decisions.

Bill Morgan Applauds Grayscale’s Strategic Move To Add XRP and AVAX to Digital Large Cap Fund

Table of Contents

CoinPedia News

Other articles published on Jan 7, 2024

A Look at Resilience and AI in Marketing

Bitcoin: Are market bulls back after latest price crash?

Bitcoin heads to the Moon in historic BitMEX endeavor

AMP: Fast, Efficient and Secure Token for Collateral Service

A Total Of 4,758.45 ETHER Worth Over $10M Was Burned

Huge XRP Rally Incoming as This Presale Eyes $5 Million Target

Join our free newsletter for daily crypto updates!