Digital asset manager Grayscale Investments is following Bitwise’s footsteps in removing XRP from its large cap crypto fund.
The firm, which is owned by CoinDesk parent company Digital Currency Group, announced Tuesday it would no longer hold XRP in the Grayscale Digital Large Cap Fund, which is also made up of BTC, ETH, BCH and LTC.
Grayscale still operates XRP Trust. Tuesday’s announcement made no reference to the fate of that product. A request for comment was not immediately returned.