It's no more news that GRAYSCALE is one of major crypto player to dump XRP and all association with it
GRAYSCALE the world largest crypto manager on Tuesday disclosed that it has liquidated all XRP holdings, and used the cash to purchase BTC, LTC AND BCH.
This decision tho has affected the Grayscale’s Digital Large Cap Fund, a market-cap-weighted asset that provides exposure to the largest cryptocurrencies by market capitalization.
XRP accounted for 1.46% of the Digital Large Cap funds, after the liquidation, the fund's components are now 81.63% BTC, 15.86% Ether (ETH), 1.08% BCH and 1.43% LTC
Grayscale's assets under management recently eclipsed $20 billion for the first time, highlighting broad institutional demand for Bitcoin and other digital assets.
The management is really acquiring more BTC in large quantities. Which is about 3 times more BTC than was mined in December
But so far, RIPPLE has vowed to fight SEC'S accusation and assures they'll continue to operate and support it's product outside the United States
Posted Using LeoFinance Beta
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