Victoria Bazir
Instead, the model concentrates almost 90% of its exposure in just three assets — Ethereum, XRP and Solana.
ETH holds the largest allocation at 42.34%, followed by XRP at 26.11% and Solana at 21.09%. Together, they account for 89.54% of the portfolio.
| Asset | Allocation |
| Ethereum (ETH) | 42.34% |
| XRP | 26.11% |
| Solana (SOL) | 21.09% |
| Other assets | 10.46% |
The remaining roughly 10% is spread across four other crypto funds, bringing the portfolio to seven holdings in total.
Bitcoin Is the Notable Absence
The allocation is interesting not simply because XRP ranks second, but because Grayscale has built the model without the asset that traditionally dominates institutional crypto portfolios.
Removing Bitcoin changes the portfolio considerably. ETH becomes the anchor position, while XRP and SOL receive unusually large weights. XRP alone represents more than one-quarter of the model, while ETH and XRP together account for 68.45%.
Place the 30-day XRP/USD price chart here. The price chart adds another layer of context to Grayscale’s allocation. XRP has recently experienced a sharp repricing followed by consolidation, making the decision to give it a 26.11% portfolio weight particularly notable.
This makes the portfolio less of a broad crypto-market allocation and more of a concentrated bet on major blockchain networks and digital assets outside Bitcoin.
A Different Route for Advisors
The Next Gen model includes seven Grayscale crypto funds and is intended for financial advisors. Rather than starting with Bitcoin and adding smaller positions around it, the allocation gives advisors exposure to a group of alternative crypto assets led by ETH, XRP and SOL.
The numbers make that strategy clear: for every $100,000 following the model's current weights, approximately $42,340 would be allocated to Ethereum, $26,110 to XRP and $21,090 to Solana. Only about $10,460 would remain for the other four holdings.
Place the XRP daily high/low chart here. The second chart highlights XRP’s recent volatility. The gap between daily highs and lows expanded considerably during the strongest price moves before narrowing as the market entered a more consolidated trading range.
The key story, therefore, isn't just XRP moving into second place. It's that Grayscale has created a seven-asset crypto model where Bitcoin gets 0%, while three non-Bitcoin assets control nearly 90% of the allocation.
Victoria Bazir
