Grayscale Investments, a digital asset management firm, is increasing the weightings of BTC and ETH in its Digital Large Cap Fund (DLC) while reducing exposure to XRP, BCH, and LTC. Grayscale recently showcased the updated composition of the DLC on Twitter. Between March 31 and June 30, the company adjusted the fund’s holdings by increasing BTC allocation by 0.5% and ETH by 2.1%, while decreasing XRP, BCH, and LTC weightings by 1.4%, 0.8%, and 0.4%, respectively. The fund currently manages $33 million in net assets.
As of July 10, Grayscale oversees $4.1 billion in crypto investments, including $3.55 billion in GBTC and $410.1 million in ETHE. Its total assets under management (AUM) have surged 250% since the end of 2019, when they stood at $1.17 billion. Notably, capital inflows into Grayscale’s crypto products during the first half of this year have exceeded the total investments accumulated from 2013 to 2019 combined.
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