NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Major Crypto Fund Reduces Ethereum and XRP Holdings in Favor of Bitcoin and Litecoin

Cole Petersen
Cole Petersen
6 years ago
3 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The recent crypto market surge has led most individual altcoins to see some hints of individual trading patterns separate from that of Bitcoin, although their trend has overwhelmingly been subject to which direction BTC moves.

The uniqueness of the recent trading activity has led one major crypto fund to shift its exposure to multiple major cryptocurrency assets, which may signal how they expect their fund’s individual holdings to trend throughout 2019.

Grayscale Shifts Crypto Holdings After Recent Market Surge

Grayscale Investments, an investment group who focuses on digital assets, announced in a recent set of tweets that they have adjusted their Digital Large Cap Fund’s (DLC) crypto holdings in late-March by notably reducing its exposure to both Ethereum and XRP, while increasing their exposure to Litecoin, Bitcoin Cash, and Bitcoin.

In a string of tweets, Grayscale explained the move, noting that the decision to shift the DLC’s holdings came about following their quarterly review, which resulted in a rebalancing of its holdings in an effort to uphold the fund’s rule-based strategy that “seeks to provide exposure to the large cap segment of the digital asset class.”

“Following the Quarterly Review (3/31/19), we are pleased to announce the updated weightings for Digital Large Cap Fund (‘DLC’),” Grayscale explained, further elaborating on the DLC fund, explaining that it is “a passive, rules-based strategy that seeks to provide exposure to the large cap segment of the digital asset class (70% target coverage).”

2/ DLC is a passive, rules-based strategy that seeks to provide exposure to the large cap segment of the digital asset class (70% target coverage)

— Grayscale (@Grayscale) April 5, 2019

Moreover, Grayscale also provided the statistics for exactly how drastic the rebalancing would be, noting that they are increasing the fund’s exposure to Bitcoin from 66.8% to 68.3%, its exposure to Bitcoin Cash from 2.8% to 2.9%, and its exposure to Litecoin from 1.8% to 3.3%.

In order to increase the DLC’s holdings of the three aforementioned cryptos, Grayscale significantly cut its XRP exposure – reducing it from 14.7% to 11.9%. They also slightly reduced its exposure to Ethereum from 13.9% to 13.6%.

Importantly, they also explained that no new crypto assets qualified for eligibility to be added to the fund following the quarterly review.

“Although no new assets qualified for inclusion following DLC’S Quarterly Review (3/31/19), the below table highlights how DLC’s weightings have changed from December 31, 2018 to March 31, 2019: $BTC $ETH $XRP $BCH $LTC,” Grayscale noted in a tweet.

3/ Although no new assets qualified for inclusion following DLC’S Quarterly Review (3/31/19), the below table highlights how DLC’s weightings have changed from December 31, 2018 to March 31, 2019: $BTC $ETH $XRP $BCH $LTC pic.twitter.com/HwlKPKTQDV

— Grayscale (@Grayscale) April 5, 2019

Fund Rebalancing Likely Sparked by Recent Crypto Market Price Action 

The decision to make some fairly significant adjustments to the fund’s exposure to the major cryptocurrencies was likely dictated by the recent price action in the crypto markets, which led virtually all major digital assets to surge significantly.

Over the past month, Bitcoin has surged from lows of roughly $3,800 to highs of $5,300. This massive surge led the other assets held in the DLC fund to climb, with Bitcoin Cash skyrocketing from monthly lows of $128 to highs of $340, and Litecoin jumping from lows of $50 to highs of just under $100.

XRP and Ethereum – which were the two cryptos that DLC reduced its exposure to – both have lagged behind the other major cryptos slightly, with Ethereum climbing from monthly lows of $130 to highs of just over $180, and XRP climbing from lows of approximately $0.30 to highs of $0.37.

Grayscale likely expects both Ethereum and XRP to continue to lag behind the other major alts, which would justify their decision to reduce their exposure to these assets, while adding weight to the other three.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Deepseek crypto prediction despre proiecte cu potențial

Zilele trecute, Bitcoin a atins un nou maxim istoric de peste 123.000 de dolari, ceea ce a tras în spate...

Elvira C. 4 hours ago
MicroStrategy

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

As Bitcoin and digital assets gain mainstream credibility, a new wave of publicly traded companies is turning to crypto treasury...

PR Desk 5 hours ago
Ethereum

Ethereum Rips Through Thin Zone: A Loud Move After Weeks of Silence

After weeks of whisper-quiet consolidation, Ethereum has finally found its voice, roaring through a historically thin price zone with conviction....

Godspower Owie 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Next Key Level Is $136,000 If Momentum Holds, Glassnode Says

Keshav Verma 1 hour ago
Bitcoin

Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says

Christian Encila 2 hours ago
XRP

XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH?

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • 2 kryptoměny s extrémně vysokým oceněním, které mohou stát za to riziko

    2 kryptoměny s extrémně vysokým oceněním, které...

    3 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    2 rendkívül magas árfolyamú kriptovaluta, amelyeket...

    4 hours ago
  • 2 криптовалути с небесни оценки...

    6 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    7 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    ...

    7 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.