The asset manager's latest model portfolio excludes Bitcoin, positioning XRP as a core holding.
Grayscale has introduced a new model portfolio that gives XRP a 26% weighting, according to reports from Crypto Economy, AMBCrypto, and Bitcoin.com News. The allocation places XRP among the largest single holdings in the portfolio’s construction.
The portfolio has been described as a ‘next generation’ offering from Grayscale. Reports indicate it does not include Bitcoin, a departure from many traditional crypto allocation models that treat Bitcoin as the base holding. Instead, XRP has been positioned as a core asset within the new structure.
Grayscale has built a business around packaging digital asset exposure for investors who prefer not to hold tokens directly. The firm’s model portfolios function as templates, illustrating how it believes capital should be spread across various crypto assets. These portfolios often carry weight because they reflect the firm’s internal view of relative asset strength and market positioning.
The decision to omit Bitcoin from this particular model may reflect Grayscale’s attempt to differentiate its newer offering from legacy portfolio structures. Bitcoin has historically anchored most institutional crypto allocation frameworks due to its market capitalization and liquidity profile. A portfolio that excludes it signals a different thesis, one apparently built around alternative assets like XRP.
XRP has faced a long-running legal history in the United States tied to securities questions. Its inclusion as a top holding in a new institutional-style portfolio suggests that at least some asset managers view that legal overhang as diminished or resolved enough to justify significant exposure. The 26% figure represents a substantial commitment relative to a diversified basket of digital assets.
The reports do not specify the remaining composition of the portfolio beyond the XRP allocation and the absence of Bitcoin. It remains unclear which other assets make up the balance of the model, or how frequently Grayscale plans to rebalance the structure going forward.
Sources disagree on this story
This article was published before the reports below were compared. The reporting above stands; what follows is where the published accounts do not agree.
Most outlets report identical Next Gen allocation figures from a dated Grayscale sheet, but a second CoinTurk News EN article describes different weightings for Sui and Chainlink and adds Cardano as a holding.
What all sources agree on
- Grayscale launched four model portfolios for financial advisors on September 14.
- The Digital Assets Next Gen model excludes Bitcoin entirely.
- In the Next Gen model, Ethereum is allocated 42.34%, XRP 26.11%, and Solana 21.09%, based on an allocation sheet dated August 31.
- In the Digital Assets Leaders model, Ether is allocated 38.57%, Bitcoin 37.25%, XRP 11.92%, Solana 9.63%, and Hyperliquid 2.63%.
- Each model caps any single asset at 40% and rebalances quarterly.
- Grayscale's Global Head of Distribution, Laurie Katz, said advisors are increasingly looking for ways to bring digital assets into client portfolios without having to build allocations asset by asset.
Where the reports disagree
1Next Gen portfolio weightings for Sui and Chainlink, and whether Cardano is included
The remaining Next Gen allocation consists of ETFs tracking solana at 21.09%, hyperliquid at 5.76%, chainlink at 2.66%, avalanche at 1.08%, and sui at 0.96%.
The balance is apportioned to Grayscale Solana Staking ETF (GSOL) at 21.09%, Hyperliquid Staking ETF (HYPG) at 5.76%, Chainlink Trust ETF (GLNK) at 2.66%, Avalanche Staking ETF (GAVA) at 1.08%, and Sui Staking ETF (GSUI) at 0.96%.
This strategy, notable for excluding bitcoin entirely, assigns its remaining weights to Solana (21.09%), Hyperliquid (5.76%), Chainlink (2.66%), Avalanche (1.08%), and Sui (0.96%).
The model's allocation snapshot dated August 31 places the Grayscale Ethereum Staking Mini ETF at 42.34%, the Grayscale XRP Trust ETF at 26.11% and the Grayscale Solana Staking ETF at 21.09%.
Solana (SOL) and Cardano (ADA) also represent major positions, with Sui (SUI) and Chainlink (LINK) both receiving a 5% allocation each.
What would settle it: Grayscale's own Next Gen model portfolio allocation sheet dated August 31.
What to make of it
Treat the ETH 42.34% / XRP 26.11% / SOL 21.09% figures and the Leaders model breakdown as consistently reported across six sources; the claim that Sui and Chainlink each hold 5% with Cardano as a major position, found only in the later CoinTurk News EN article, has not been corroborated elsewhere and should not be acted on until Grayscale's own allocation sheet is checked.
Market Impact
A prominent asset manager assigning a large single-asset weighting to XRP could influence how other institutional players think about portfolio construction beyond Bitcoin-centric models. If Grayscale's model portfolios are used as reference points by advisors or retail investors, the allocation could shape perceptions of XRP's relative standing in diversified crypto strategies.
The exclusion of Bitcoin from this specific portfolio does not indicate a broader retreat from Bitcoin exposure across Grayscale's product suite. It does suggest the firm sees value in offering alternative frameworks that highlight other assets, including XRP, for investors seeking different exposure profiles.
Grayscale's new model portfolio underscores a shift toward diversified crypto allocation strategies that go beyond Bitcoin. The 26% XRP weighting marks a notable vote of confidence in the asset from a major institutional player.
Frequently Asked Questions
What is Grayscale's new model portfolio?
It is a newly introduced allocation template from Grayscale that assigns XRP a 26% weighting and reportedly excludes Bitcoin, according to multiple reports.
Why is it notable that Bitcoin is excluded?
Bitcoin has traditionally anchored most institutional crypto portfolio models due to its size and liquidity, so its absence signals a different allocation approach from Grayscale.
Does this mean Grayscale is reducing Bitcoin exposure across all its products?
The reports only describe this specific model portfolio and do not indicate changes to Grayscale's broader product lineup, including its existing Bitcoin-focused offerings.
What does a 26% allocation to XRP signify?
It indicates that Grayscale views XRP as a core holding within this particular model, representing a substantial share relative to other assets in the portfolio.
