Grayscale Boosts Bitcoin, Ethereum Allocations to 90% in Digital Large Cap Fund Rebalance

Grayscale shifted its Digital Large Cap Fund allocations in Q4 2024, increasing Bitcoin and Ethereum to a combined 90%.

Here's a summary of the changes:

Bitcoin's allocation rose to 73.52%, maintaining its dominance in the fund.

Ethereum's allocation decreased slightly to 16.16%, still remaining the second-largest holding.

Grayscale added Cardano to the fund with a 1.44% allocation, following its 75% price increase over the past year.

The asset manager removed Avalanche from the fund due to its weaker performance during the same period.

XRP and Solana maintained their positions in the fund with allocations of 5.05% and 3.83%, respectively.

These changes follow the CoinDesk Large Cap Select Index methodology and also extended to several other Grayscale products.

The Decentralized AI Fund added Livepeer with a 2.83% weighting, while the Decentralized Finance Fund introduced Curve at 6.71%, replacing Synthetix.

In the Smart Contract Platform Ex-Ethereum Fund, Grayscale added Sui with a 7.93% allocation. Solana and Cardano remained the dominant holdings in this fund, accounting for over 75% of the portfolio combined.

Grayscale's large cap fund and other products are awaiting regulatory approval to be converted into exchange-traded funds.