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Grayscale's GDLC Fund Sold All Its XRP Shares And Allocated To Other Tokens
Summary: Grayscale has sold all XRP shares in its Grayscale® Digital Large Cap Fund (OTCQX: GDLC) and used cash proceeds to purchase other tokens in proportion to the weight, according to an official announcement. Before the sale of XRP on January 4, 2021, XRP accounted for approximately 1.46% of the fund. After the selling on the ...
Grayscale has sold all XRP shares in its Grayscale® Digital Large Cap Fund (OTCQX: GDLC) and used cash proceeds to purchase other tokens in proportion to the weight, according to an official announcement. Before the sale of XRP on January 4, 2021, XRP accounted for approximately 1.46% of the fund. After the selling on the same day, the fund composition was 81.63% Bitcoin (BTC), 15.86% Ethereum (ETH), 1.08% Bitcoin Cash (BCH), and 1.43% Litecoin (LTC). Genesis Global Trading, Inc., an authorized participant of the fund, announced that it will temporarily suspend XRP trading starting at 5 pm Eastern Time on January 15, 2021.
By Mary Liu
Tags: BCH,BTC,ETH,GDLC,Genesis,Grayscale,LTC,XRP
Link: Grayscale's GDLC Fund Sold All Its XRP Shares And Allocated To Other Tokens [Copy]
