Grayscale has completed the quarterly rebalancing of its CoinDesk Crypto 5 ETF (GDLC), raising Bitcoin, XRP and Solana allocations while trimming Ethereum's weighting. BNB holds steady. The change lands as Bitcoin trades near $65K and XRP slides on a stalled Senate vote over the Clarity Act.
Bitcoin's share of the GDLC ETF now stands at 75.54%, up from 75.53%, after Grayscale finished its latest quarterly rebalancing.
GDLC Rebalance Lifts Bitcoin, XRP and Solana Weightings
XRP climbed to 3.98% from 3.88%. Solana rose to 2.54% from 2.52%. Ethereum's weighting slipped to 13.30% from 13.43%, while BNB's stayed at 4.64%.
No tokens were added to or removed from the fund. Instead, Grayscale bought and sold existing holdings to match the new weightings under the CoinDesk 5 Index Methodology, which determined that Bitcoin, Ethereum, XRP, Solana and BNB still meet its inclusion criteria. Each GDLC share now represents about 0.0003 Bitcoin, 0.0021 Ether, 0.0023 BNB, 1.0633 XRP and 0.0099 SOL.
Separately, Grayscale's XRP ETF (GXRP) sold over $180 million worth of XRP, and the fund also reported a steep drop in net asset value tied to XRP's price downturn.
Bitcoin Holds Near $65K as XRP Slides on Clarity Act Delay
Bitcoin holds its advance toward $65K amid a pause in the US-Iran conflict as the US, Iran and Oman pursue a diplomatic deal. The token currently trades at $64,722, up almost 1% over the past 24 hours, though trading volume remains low amid broader crypto market uncertainty.
XRP dropped more than 2% over the past 24 hours, after Senate Majority Leader John Thune declined to file cloture on the Clarity Act. The token is trading at $1.05, with a 24-hour range between $1.04 and $1.07. Trading volume in XRP has nonetheless risen 33% over the same period as traders await the bill's progress in the Senate. Analyst Ali Martinez predicted XRP could fall to $0.80 if the token fails to hold above $1.
Source: CoinGape
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