Grayscale CEO joins other crypto bulls: Bitcoin, Litecoin and Bitcoin Cash investments increased

Grayscale’s Bitcoin investment received an increase from 66.8% to 68.3% while Bitcoin Cash went up to 2.9% from 2.8%.
Barry Silbert believes money in gold will end up in Bitcoin.

John Isige FXStreet

Grayscale Investments has announced a structure change of its Digital Large Fund (DLC). The service which gives investors in the industry easy access to leading cryptocurrency. The fund is made of the five major cryptos in terms of market capitalization including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin.

In the latest composition change has seen Litecoin increased from 1.8% of the total fund to 3.3%. This represents an 83.33% increase and is the biggest increase among all the altcoins held by the firm. Bitcoin investment received an increase from 66.8% to 68.3% while Bitcoin Cash went up to 2.9% from 2.8%.

Grayscale makes the changes in DLC quarterly. The changes effected vary from adding or removing an asset as per the fund criteria set by the company. Assets that have been reduced in the recent rebalancing are Ripple from 14.7% to 11.9% and Ethereum from 13.9% to 13.6%.

The CEO and founder of Digital Currency Group and Grayscale Investments Barry Silbert told CNBC in an interview that he is “as bullish as he has ever been” on Bitcoin:

“I’m convinced that whatever money is in gold is not going to stay in gold. That gets handed down to millennials – I’m highly confident a lot of that will go into Bitcoin.”

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.