Grayscale raises XRP allocation to 26% in model portfolio, second only to Ethereum
- —Grayscale allocated 26% to XRP in its new model portfolio, a record share
- —XRP is second only to Ethereum by weight
- —Capital outflows were recorded from BTC, ETH, and SOL funds
- —XRP funds saw inflows return despite a correction after the August rally
Why it matters: Increased allocation from a major manager could boost institutional demand for XRP and support its price.
Source: BTC-ECHO