Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Giant Grayscale Boosts Bitcoin and Ethereum Exposure At Expense of XRP, BCH and LTC in Large Cap Fund

by Daily Hodl Staff
July 12, 2020
in Altcoins, Bitcoin, Ethereum, Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Crypto asset management firm Grayscale Investment is increasing the weights of Bitcoin (BTC) and Ethereum (ETH) in its digital large-cap fund (DLC) product 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 world’s leading crypto asset manager reveals that between March 31st to June 30th, it tweaked its DLC holdings and added 0.5% weight in BTC and 2.1% weight in Ethereum. Meanwhile, the investment firm decreased the shares of XRP by 1.4%, Bitcoin Cash by 0.8%, and Litecoin by 0.6% over the same period.

Source: Grayscale/Twitter

The digital asset investment firm announced the updated weightings for its DLC after releasing the fund’s latest quarterly review on June 30th. The firm’s net assets under management (AUM) in its digital large-cap fund stands at $33 million.

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

07/10/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $4.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/bJEObTjJj1

— Grayscale (@GrayscaleInvest) July 10, 2020

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

The influx of investment capital in Grayscale’s crypto products in the first six months of this year significantly outweighs all the investments from 2013 – 2019 combined.



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
Submit a Guest Post
Bitcoin
$33,400.00
$33,400.00
5.93%
Ethereum
$1,374.38
$1,374.38
2.52%
XRP
$0.272941
$0.272941
0.46%
Litecoin
$140.71
$140.71
2.77%
Bitcoin Cash
$446.06
$446.06
3.86%

Spotlight

  • What Will Happen After the Last Bitcoin Is Mined?
    January 20, 2021
  • Top Trader Says This Crypto Newcomer Is Primed for a ‘Giga Move’ and Will Become One of the Largest Coins on the Market
    January 24, 2021
  • Crypto Newcomer Soars 1,338% After Launch, Grabs Support From One of DeFi’s Biggest Platforms
    January 18, 2021
  • Quant Analyst Who Predicted Bitcoin Rise to $100,000 Says BTC Whales Quietly Fueling Crypto Correction
    January 22, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.