Grayscale Liquidated Cardano To Increase XRP, Now Hold 16.7M XRP, Price To Surge Soon
The post Grayscale Liquidated Cardano To Increase XRP, Now Hold 16.7M XRP, Price To Surge Soon appeared first on Coinpedia Fintech News 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. In a surprising move, Grayscale divested from Cardano (ADA) and redirected the proceeds towards acquiring XRP and other existing assets. This decision has sparked curiosity within the crypto …
The post Grayscale Liquidated Cardano To Increase XRP, Now Hold 16.7M XRP, Price To Surge Soon appeared first on Coinpedia Fintech News
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.
In a surprising move, Grayscale divested 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.
Grayscale Adds XRP In DLC Fund
In a recent press release, 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.
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.
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