Grayscale Revamps Digital Fund, Adds XRP and AVAX, Removes MATIC
• Grayscale added XRP and AVAX to its Digital Large Cap Fund, removing MATIC in the process. The fund now has 69.15% BTC, 21.90% ETH, 3.68% SOL, 1.62% ADA, 2.54% XRP, and 1.14% AVAX.
• The changes align the fund with CoinDesk's Large Cap Select Index, which added XRP and AVAX and is the basis for assets in Grayscale's fund.
• XRP and AVAX prices have struggled lately, with XRP down 10% over the past month and slipping from the top 5 cryptos. AVAX rose 33% in the last 30 days of 2022 but has since declined.
• Some in the XRP community welcomed the addition to Grayscale's fund and called for a dedicated XRP fund.
• Grayscale said the Digital Large Cap Fund has not met its investment objective and does not reflect the value of its digital assets.