Grayscale Allocates 26% of New Portfolio to XRP

Grayscale Investments has made XRP 26% of its new portfolio for advisors. The asset management company, which offers investment products to institutional clients, announced the news in a recent update on their website.

The move marks an increase in Grayscale's allocation to XRP, as they now hold a larger share of the cryptocurrency than any other single asset. This is the first time Grayscale has disclosed its exact holdings of XRP since launching its Ethereum Trust product in 2015.

Grayscale's portfolio managers have stated that their investment strategy focuses on diversification and risk management, with the goal of providing investors with a diversified exposure to digital assets.