BREAKING: Grayscale Raises XRP, Bitcoin & Solana Weightage in GDLC ETF, Trims ETH

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Grayscale Raises XRP, Bitcoin & Solana Weightage in GDLC ETF, Trims ETH

XRP, Solana & Bitcoin Holdings to Rise in Grayscale’s GDLC ETF

Grayscale Investments Sponsors finished its quarterly portfolio review and rebalanced the GDLC ETF in line with the CoinDesk 5 Index Methodology. The index provider determined that Bitcoin, Ethereum (Ether), XRP, Solana (SOL), and BNB continued to meet the inclusion criteria.

As a result, Grayscale has adjusted the fund’s portfolio by purchasing and selling some existing fund components in line with their weightings. Thus, no new tokens were added to or removed from the GLDC ETF during rebalancing.

The crypto components’ weighting in the fund is adjusted to 75.54% Bitcoin, 13.30% Ethereum, 4.64% BNB, 3.98% XRP, and 2.54% SOL. Each share represented almost 0.0003 Bitcoin, 0.0021 Ether, 0.0023 BNB, 1.0633 XRP, and 0.0099 SOL.

Notably, the earlier allocations were 75.53% BTC, 13.43% ETH, 4.64% BNB, 3.88% XRP, and 2.52% SOL. The latest update shows a slight increase in XRP, Solana, and Bitcoin weightings, whereas a small cut in Ethereum. Meanwhile, BNB’s allocation remains stable at 4.64% in the Grayscale GDLC ETF.

Meanwhile, Grayscale XRP ETF (GXRP) sold over $180 million worth of Ripple’s XRP. It also reported massive depreciation in net asset value due to XRP price downturn.

Price Action Mixed amid Rising Uncertainty

Bitcoin price holds advance towards $65K amid pause in US-Iran war for diplomatic deal between the US, Iran and Oman. BTC currently trades at $64,722, up almost 1 % over the past 24 hours, but trading volume remains low due to broader crypto market uncertainty.

Meanwhile, XRP price dropped more than 2% in the past 24 hours as Senate Majority Leader John Thune didn’t file cloture on the Clarity Act. XRP is currently trading at $1.05, with a 24-hour low and high of $1.04 and $1.07, respectively.

However, trading volume has increased by 33% over the last 24 hours as traders await Clarity Act’s progress in the Senate. Analyst Ali Martinez predicted a fall to $0.80 if XRP price fails to hold above $1.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.