Grayscale's Next Gen Fund Favors XRP Over Solana
Grayscale Investments has introduced a new model portfolio for financial advisors called Digital Assets Next Gen. This fund excludes Bitcoin (BTC) and can hold up to ten established and emerging digital assets.
The Next Gen model includes Grayscale's ETFs for XRP, Ethereum, and Solana, with XRP holding 26.11% of the portfolio as of August 31. This is followed by Ethereum at 42.34%, while Solana held 21.09%. Together, these three tokens account for nearly 90% of the fund.
Grayscale also launched three other models: Core Plus, Leaders, and Infrastructure. These funds are market cap-weighted and rebalanced quarterly, with each asset subject to a 40% cap.
Laurie Katz, Grayscale's Global Head of Distribution, said advisors are increasingly looking to add digital assets without building and maintaining individual allocations. The models provide a single framework for this exposure, and the company does not charge a direct advisory fee.