Grayscale Just Made XRP 26% of Its New Portfolio for Advisors

Source Beincrypto

Grayscale handed financial advisors a ready-made crypto allocation on Monday, and XRP (XRP) took 26.11% of it. The token is the second-largest holding in the firm’s new Digital Assets Next Gen model portfolio.

A model portfolio is a published recipe. Grayscale picks the assets and the weights, and an advisor copies that mix into client accounts using the firm’s exchange-traded funds.

XRP Sits Second in a Portfolio Built Without Bitcoin

The Next Gen model leaves Bitcoin out and held seven funds as of August 31. Ether leads at 42.34%, XRP follows at 26.11%, and Solana takes 21.09%.

Grayscale's New Crypto Portfolios Grayscale’s New Crypto Portfolios. Source: Grayscale

Those three fill roughly 89% of the basket. Hyperliquid, a trading-focused blockchain whose Grayscale fund listed only in June, takes 5.76%. Chainlink, Avalanche, and Sui split what is left.

Grayscale caps any one asset at 40% and resets the weights every three months. Ether has already drifted past that cap since the model started on July 27.

The Funds Behind It Have Been Losing Money

XRP trades near $1.42, up about 5% on the day and fifth by market value. The Grayscale XRP Trust ETF, however, sits 38.51% below its launch price.

BeInCrypto reported in August that the same trust sold $180 million in tokens during the first half of the year at a realized loss. Six of the model’s seven funds trade below where they started.

The model itself shows a 30.69% net gain since July 27. That is five weeks of history built on one strong August, and the rest of the return table is empty.

Grayscale Returns on Model Portfolio. Source: GrayscaleGrayscale Returns on Model Portfolio. Source: Grayscale

“Advisors are increasingly looking for ways to bring digital assets into client portfolios without having to build and maintain allocations asset by asset,” Laurie Katz, Grayscale’s Global Head of Distribution, framed the launch around convenience.

Grayscale charges no separate fee for the models, and the underlying funds average 0.23%. Whether advisors read Next Gen as emerging assets or as a large ether and XRP bet under a different name will decide how much money follows.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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