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<p>The post <a href="https://coinpedia.org/news/grayscale-liquidated-cardano-to-increase-xrp-now-hold-16-7m-xrp-price-to-surge-soon/">Grayscale Liquidated Cardano To Increase XRP, Now Hold 16.7M XRP, Price To Surge Soon&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Grayscale Investments, a leading crypto asset manager, has recently made significant adjustments to its Digital Large Cap (DLC) Fund, drawing attention to its strategic reallocation of assets.&nbsp;</p> 
<p>In a surprising move, <a href="https://coinpedia.org/news/grayscales-quarterly-rebalancing-sparks-debate-ada-and-atom-removed/">Grayscale divested</a> from Cardano (ADA) and redirected the proceeds towards acquiring XRP and other existing assets. This decision has sparked curiosity within the crypto community, particularly regarding the implications for XRP’s market dynamics and Grayscale’s investment strategy.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-grayscale-adds-xrp-in-dlc-fund">Grayscale Adds XRP In DLC Fund</h2> 
<p>In a <a href="https://www.globenewswire.com/news-release/2024/4/4/2858211/0/en/Grayscale-Digital-Large-Cap-Fund-Grayscale-DeFi-Fund-and-Grayscale-Smart-Contract-Platform-Ex-Ethereum-Fund-Announce-Rebalancing-of-Funds-for-First-Quarter-2024.html">recent press release</a>, Grayscale officially announced the quarterly rebalancing of its investment products. Among the affected funds were the Digital Large Cap Fund, Smart Contract Platform Ex-Ethereum Fund, and DeFi Fund.&nbsp;</p> 
<p>As part of this rebalancing, Grayscale made notable changes to its DLC Fund by liquidating its Cardano holdings and reinvesting the proceeds into other assets.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN: GRAYSCALE ADDS <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> BACK INTO “DIGITAL LARGE CAP FUND”! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> will represent 1.73% of DLCF portfolio allocation! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Will this new demand have a Bullish impact on <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> in 2024 ? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ad.png" alt="💭" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Vote Below &amp; Follow For More! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <a href="https://twitter.com/hashtag/BullRun2024?src=hash&amp;ref_src=twsrc%5Etfw">#BullRun2024</a> <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw">#Grayscale</a>… <a href="https://t.co/Obw5IqjijD">pic.twitter.com/Obw5IqjijD</a></p>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1776307588562305206?ref_src=twsrc%5Etfw">April 5, 2024</a>
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<p>Following the rebalancing, XRP now constitutes 1.73% of Grayscale’s DLC Fund. With the fund currently valued at $570,206,758.29, this allocation suggests that Grayscale holds approximately 16.7 million XRP tokens.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bitcoin-dominance-in-dlc-fund">Bitcoin Dominance in DLC Fund</h2> 
<p>Meanwhile, Bitcoin remains the largest holding in the DLC Fund, accounting for 70.96%, followed by Ethereum (ETH) at 21.85% and Solana (SOL) at 4.52%. Avalanche (AVAX) holds the smallest composition at 0.95%. Notably, there were no new token additions to the DLC Fund in Q1 2024.</p> 
<p>The decision to increase XRP holdings within the DLC Fund reflects Grayscale’s confidence in the digital asset’s long-term potential and regulatory clarity. As XRP finds its place alongside other major cryptocurrencies like Bitcoin and <a href="https://coinpedia.org/news/ethereum-spot-in-danger-as-veteran-trader-sees-solana-surpassing-ethereum/">Ethereum within Grayscale’s</a> portfolio.</p> 
<h2 class="wp-block-heading" id="h-grayscale-s-investment-strategy">Grayscale’s Investment Strategy</h2> 
<p>Grayscale’s DLC Fund primarily aims to provide investors exposure to a diversified portfolio of major crypto assets. The r<a href="https://coinpedia.org/news/ripple-stablecoin-not-the-end-for-xrp-says-top-crypto-experts/">eintroduction of XR</a>P into the fund has reignited discussions about the possibility of Grayscale launching an XRP spot exchange-traded fund (ETF).&nbsp;</p> 
<p>With Grayscale’s recent foray into <a href="https://coinpedia.org/information/top-bitcoin-spot-etfs-to-buy-in-2024/">Bitcoin spot ETFs</a> and ongoing development of an Ethereum ETF, market observers see XRP as a logical candidate for a similar offering, especially given its clear regulatory status.&nbsp;</p>

Grayscale Liquidated Cardano To Increase XRP, Now Hold 16.7M XRP, Price To Surge Soon

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