Grayscale has liquidated its Cardano holdings in order to boost its XRP holdings, now standing at 16.7 million units, indicating a potential spike in the price of XRP soon.

Quick Summary:

Following the rebalancing, XRP now constitutes 1.73% of Grayscale’s DLC Fund.

JUST IN: GRAYSCALE ADDS $XRP BACK INTO “DIGITAL LARGE CAP FUND”! $XRP will represent 1.73% of DLCF portfolio allocation!

Among the affected funds were the Digital Large Cap Fund, Smart Contract Platform Ex-Ethereum Fund, and DeFi Fund.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Increase Hold Cardano Liquidated Been Blockchain Grayscale Assets Fund Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-06 @ 12:48:37 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 20620589

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