Grayscale Gives XRP 26% Weight in Bitcoin-Free Crypto Portfolio

Grayscale has introduced a model portfolio that gives XRP a substantial allocation while excluding Bitcoin, offering financial advisors a ready-made approach to digital asset investing through the firm’s exchange-traded funds.

A model portfolio provides predetermined assets and allocation weights that advisors can replicate across client accounts. Grayscale manages the portfolio composition and rebalances the allocations every three months.

As of August 31, Grayscale’s Next Gen model contained seven funds. Ethereum held the largest allocation at 42.34%, followed by XRP at 26.11% and Solana at 21.09%. Together, ETH, XRP and SOL represented nearly 89% of the portfolio.

Hyperliquid accounted for another 5.76%, while smaller allocations went to Chainlink, Avalanche and Sui. Grayscale generally limits individual assets to 40%, although Ethereum had moved above that threshold due to market performance since the portfolio launched on July 27.

The sizeable XRP allocation comes despite weaker performance from Grayscale’s XRP investment product. XRP recently traded near $1.42, gaining roughly 5% on the day, while the Grayscale XRP Trust ETF remained 38.51% below its launch price.

During the first half of 2026, the trust also sold approximately $180 million worth of XRP at a realized loss. Overall, six of the seven funds included in the Next Gen portfolio were trading below their respective launch prices.

Despite those individual fund declines, Grayscale reported that the model portfolio had generated a 30.69% net return since its July launch. However, its performance history remains limited, with much of the gain coming during a strong August for crypto markets.

Grayscale charges no additional management fee for using its model portfolios, while the underlying funds carry an average fee of about 0.23%.

Laurie Katz, Grayscale’s Global Head of Distribution, said advisors increasingly want simpler ways to incorporate digital assets into client portfolios without independently managing allocations for each cryptocurrency. The Bitcoin-free strategy could therefore appeal to advisors seeking concentrated exposure to Ethereum, XRP, Solana and other emerging crypto assets.