XRP Gets Second-Largest Weight In Grayscale's Bitcoin-Free Advisor Portfolio

• Under the new fund, Grayscale Ethereum Staking Mini ETF accounts for 42.34% of the portfolio, while Grayscale's Solana ETF accounts for 21.09%.

• The model held seven assets as of August 31 and charges no direct advisory fee, while underlying funds averaged 0.23% in fees.

• Solana, the model's third-largest holding, led all blockchains in x402 transactions for a third straight week, according to Artemis data.

Grayscale Investments gave Ripple (XRP) a bigger weighting than Solana (SOL) in a new model portfolio for financial advisors that excludes Bitcoin (BTC), according to the company's statement on Monday.

Grayscale launched the Digital Assets Next Gen model on Monday as one of the four model portfolios for advisors, according to their statement. The Next Gen portfolio can hold up to 10 established and emerging digital assets, which excludes Bitcoin, Grayscale added. The model includes Grayscale ETFs for XRP, Ethereum, and Solana.

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Grayscale's XRP ETF made up 26.11% of Next Gen as of August 31, according to the fact sheet. This put Grayscale's XRP ETF (GXRP) ahead of Grayscale's Solana ETF (GSOL), at 21.09%. Additionally, Grayscale Ethereum Staking Mini ETF (ETH) held more, at 42.34%. Together, the three tokens accounted for 89.54% of the portfolio.