Grayscale Excludes XRP From Q4 Top Crypto Picks, Here’s The List
The post Grayscale Excludes XRP From Q4 Top Crypto Picks, Here’s The List appeared on BitcoinEthereumNews.com.
Grayscale has recently revealed it’s for the top 20 crypto picks, excluding XRP, which have sparked discussions in the broader crypto market. Notably, this comes just after the leading investment firm announced the XRP Trust, which sparked a rally in the crypto’s price earlier this month. Besides, it has also fueled discussions over a potential XRP ETF launch in the coming days. Meanwhile, here we explore the list of the tokens that the firm has picked as the top cryptos for the final quarter of 2024. Grayscale Excludes XRP From Q4 Crypto List The latest update highlights several emerging trends in the crypto market, focusing on AI and tokenization projects. However, it has excluded XRP from the list despite the recent positive performance and the launch of the Grayscale XRP Trust, which have sparked optimism in the market. Instead, it added projects like SUI, TAO, CELO, and others, sparking market discussions. Meanwhile, the investment firm’s quarterly rebalancing process focuses on reflecting the evolving dynamics of the crypto sector. Notably, the firm, in its report, said “Our updated Top 20 represents a diversified set of assets across Crypto Sectors that have high potential over the coming quarter.”. However, it also warned about the high volatility and risk associated with these assets. Source: Grayscale Research The latest move by Grayscale to exclude XRP from the top crypto picks for the fourth quarter has sparked discussions, especially as the crypto is now considered a strong contender for broader institutional adoption. Several XRP community members have questioned whether this decision is due to the regulatory uncertainties associated with the crypto. For instance, the broader crypto community is anticipating a potential US SEC appeal in the Ripple lawsuit. After the conclusion of the Ripple Vs SEC case, speculations have soared over a potential appeal by…
Filed under: News - @ September 28, 2024 2:08 am