Grayscale dumps XRP: Here's where it's putting the cash

Grayscale dumps XRP: Here's where it's putting the cash

Grayscale Investments is the latest major crypto player to drop its association with Ripple's token. Grayscale Investments, the world’s largest cryptocurrency asset manager, announced Tuesday that it has liquidated its XRP holdings and used the remaining funds to buy up more Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC).The decision affects Grayscale’s Digital Large Cap Fund, a market-cap-weighted asset that provides exposure to the largest cryptocurrencies by market capitalization. The sale of XRP occurred on Monday, less than a week after Genesis Global Trading, the fund’s....


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