Grayscale's New Model Portfolio Boosts XRP to 26% Amid Struggling XRP Trust ETF
Grayscale has introduced four new model portfolios for financial advisors to follow. One of them is called Digital Assets Next Gen, which focuses on emerging assets and excludes Bitcoin. In this portfolio, XRP takes a significant 26.11% share, making it the second-largest holding after Ether.
The model uses seven funds, including Grayscale's own trusts for XRP, Solana, and Chainlink, as well as other established digital assets like Ethereum and Solana. The weights of each asset are reset every three months to prevent any one token from exceeding 40% of the portfolio.
Grayscale's XRP Trust ETF has been struggling, trading 38.51% below its launch price and having sold $180 million in tokens at a realized loss during the first half of this year. Despite this, the Next Gen model has shown a 30.69% net gain since July 27.
Grayscale's Global Head of Distribution, Laurie Katz, emphasized that the new model portfolios aim to provide convenience for advisors who want to bring digital assets into their clients' portfolios without having to build and maintain individual allocations asset by asset.