Grayscale Investments, the World’s Largest Cryptocurrency Asset Manager, announced On Tuesday, it liquidated its XRP holdings and used the remaining money to buy up more Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC).

The decision affects Grayscale’s Digital Large Cap Fund (OTCQX: GDLC), a market cap-weighted asset that provides exposure to the largest cryptocurrencies by market cap. The sale of XRP took place on January 4, less than a week after Genesis Global Trading, the Fund’s authorized participant, announced it would shortly suspend XRP trading temporarily, likely in connection with lawsuit filed by the US Securities and Exchange Commission against Ripple.

Genesis Global Trading plans to stop all XRP trades on January 15th.

Prior to the sale on Monday, XRP accounted for approximately 1.46% of the Digital Large Cap Fund. The components of the fund are now 81.63% BTC, 15.86% ETH, 1.08% BCH and 1.43% LTC. Each share represented 0.00047489 BTC, 0.00287011 ETH, 0.00047537 BCH and 0.00167314 LTC.

Grayscale also confirmed the new fund composition in a series of Twitter posts on Tuesday.

The fund manager said XRP has been ‚Äúremoved after quarterly review of DLC Fund (12/31/20). No other item was eligible for inclusion. “

This story is still under development.