Grayscale Puts Big Bet on XRP in Bitcoin-Free Crypto Model
Grayscale's new Bitcoin-free crypto model has allocated significant portions of its funds to cryptocurrencies other than Bitcoin. According to the data, the XRP Trust ETF holds a substantial 26.11% weight in this model.
This allocation puts XRP in second place behind Ether, which accounts for 42.34% of the fund's holdings. The sizable XRP allocation is seen as a bullish sign for the cryptocurrency and its potential for institutional adoption.
Grayscale's Next Gen model is designed to provide investors with exposure to cryptocurrencies beyond Bitcoin. By allocating such a large percentage of its funds to XRP, Grayscale is signaling that it believes in the long-term growth prospects of this asset.