Digital asset manager statement today.Investments sold all in its Digital Large Cap Fund at the end of December, according to a
XRP amounted for about 1.5% of the fund. Grayscale sold all its XRP to purchase, Ethereum, Litecoin and Bitcoin Cash.
Now, the fund’s components include over 80% Bitcoin, 15% Ethereum, 1.4% Litecoin and just over 1% of Bitcoin Cash.
While Grayscale did not refer to Ripple’s ongoing battle with the SEC over the XRP cryptocurrency, the firm reportedly said XRP had to be removed from the fund after Genesis Global Trading—the fund’s authorized participant—suspended XRP trading.
Many exchanges in the US have already suspended trading of XRP, citing the lawsuit, including Coinbase and Bitstamp. Some exchanges in the US have delisted it fully, including Binance.US, Crypto.com and Bittrex.