Grayscale Investments has announced a restructuring of its large digital fund (DLC). The fund consists of five main cryptocurrencies in terms of market capitalization, including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin.
In the last composition change, the Litecoin share increased from 1.8% of the total fund to 3.3%. Investment in Bitcoin increased from 66.8% to 68.3%, while investment in Bitcoin Cash rose to 2.9% from 2.8%.
Assets that were reduced during the recent rebalancing are Ripple from 14.7% to 11.9% and Ethereum from 13.9% to 13.6%.
Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, told CNBC that he was “as optimistic as ever” about Bitcoin:
I am convinced that money in gold will not remain in gold. I am sure a lot of this money will go to Bitcoin.
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