Grayscale Increases Bitcoin’s Share While ETH, XRP, BCH, & LTC All Get A Cut


Grayscale Investments has released the updated weightings for its Grayscale Large Cap Fund for the period of June 30, 2019, to September 30, 2019, that reveals that Bitcoin’s share has risen even further.

Following its quarterly review, Grayscale shared that while the leading cryptocurrency’s share has increased, while the other four other crypto's share has taken a cut.

With an increase of 3.7 percent, Bitcoin now weights at 80.3 percent, from 76.6 percent previously, in Grayscale’s Digital Large Cap Fund.

Ethereum’s share in its fund has fallen below 10 percent, seeing a cut of 1.7 percent — the highest reduction — as it falls from 11.6 percent to 9.9 percent.

With just a 0.6 percent reduction, XRP still accounts for more than a 5 percent share at 5.8 percent. Both Bitcoin Cash (BCH) and Litecoin (LTC) even together account for less than 5 percent.

While Bitcoin Cash saw a cut of 0.6 percent, the same as XRP, and now stands at 2.2 percent, Litecoin’s reduced by 0.8 percent and currently is at 1.8 percent.

DLC Fund is a “passive, rules-based strategy” that provides exposure to large cap segment of the digital asset class.

The latest change in weightings means the “qualified accredited investor” gets even more exposure to Bitcoin by investing in Grayscale’s Large Cap Fund (DLC Fund).

By accredited investor here, it means anyone who either earned income exceeding $200,000 (or $300,000 together with a spouse) in each of the prior two years or has a net worth over $1 million.

GBTC, meanwhile, is currently trading at $9.8, down from the high of over $17, following the BTC price, as per TradingView. As such the premium on BTC dropped down to seven months low.

Bitcoin (BTC) Live Price

1 BTC/USD =$21,432.1841 change ~ -0.19%

Coin Market Cap

$408.87 Billion

24 Hour Volume

$6.61 Billion

24 Hour VWAP

$21.33 K

24 Hour Change

$-41.61

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