As of August 31, Grayscale’s Bitcoin-free adviser model gave its XRP ETF a 26.11% allocation, second only to Ether, without showing confirmed client adoption or inflows.
Key Takeaways
- XRP represents 26.11% of the Next Gen model.
- Ether leads the allocation at 42.34%.
- Bitcoin is excluded by the strategy’s design.
- The model holds ETP shares, not cryptocurrencies.
- Adviser adoption and inflows remain undisclosed.
XRP exposure ranks second among seven ETPs
Grayscale launched four model portfolios for financial advisers on September 14. One of them, Digital Assets Next Gen, provides exposure to established and emerging crypto assets while deliberately excluding Bitcoin.
The model’s allocation snapshot dated August 31 places the Grayscale Ethereum Staking Mini ETF at 42.34%, the Grayscale XRP Trust ETF at 26.11% and the Grayscale Solana Staking ETF at 21.09%. Together, those three positions represent 89.54% of the model.
The allocation makes XRP the model’s second-largest exposure and gives it a larger weight than Solana. It does not rank the assets by expected returns or amount to a prediction that XRP will outperform the other holdings.
A model portfolio is a recipe, not a new XRP fund
A model portfolio gives advisers a predefined mix of investments that they can consider for client accounts. Grayscale has selected the products, calculated their weights and established a quarterly rebalancing process, reducing the need for advisers to design a crypto allocation from scratch.
The model itself is not a single fund that investors buy. Advisers implementing it would use shares of its constituent ETPs, including the Grayscale XRP Trust ETF, rather than place XRP directly into a client’s wallet.
For example, if an adviser placed 3% of a $100,000 portfolio into the Next Gen strategy, the published weight would produce approximately $783 of XRP-linked exposure. That is 26.11% of the hypothetical $3,000 allocation. The 3% figure is only an illustration, not a recommendation from Grayscale or Coindoo.
Grayscale says it does not charge advisers or their clients a direct advisory fee for using the models. The underlying ETPs still have their own expenses, including sponsor fees, which remain part of the investor’s cost.
What the 26.11% allocation does—and does not—show
What it shows
Grayscale has made its XRP ETF one of the largest positions in a Bitcoin-free strategy intended for adviser platforms. Advisers can use the predefined weight without deciding independently how much XRP exposure to place alongside Ether, Solana and the smaller holdings.
What it does not show
The allocation does not reveal how many advisers have implemented the model, how much client money follows it or whether the launch has created new XRP demand. Grayscale’s parent company provided the strategies’ initial capital, while advisers retain discretion over their clients’ accounts.
Bitcoin’s absence explains much of XRP’s larger share
XRP’s 26.11% allocation belongs to a strategy that removes Bitcoin, the asset that normally occupies one of the largest positions in a crypto portfolio. Excluding it leaves a larger share for the remaining eligible assets.
The effect becomes clearer when Next Gen is compared with Grayscale’s Digital Assets Leaders model, which includes Bitcoin. In Leaders, XRP exposure accounts for 11.92%, behind Ether at 38.57% and Bitcoin at 37.25%. Solana receives 9.63%, while Hyperliquid represents the remaining 2.63%.
XRP’s weight therefore more than doubles when Bitcoin is removed. That is primarily a consequence of the two models having different eligible assets and should not be interpreted as a separate prediction that XRP will outperform Bitcoin.
Grayscale describes Next Gen as market-cap weighted, rebalanced quarterly and able to hold up to 10 eligible assets. Its composition can change as relative market values move or as the eligible product range develops.
Ether’s allocation raises a methodology question
Grayscale says the model is subject to a 40% limit for each asset, yet the August 31 snapshot places Ether at 42.34%. The published materials do not say whether the difference reflects price movement following a rebalance or another timing issue.
The discrepancy should therefore be treated as an unresolved methodology detail rather than evidence that Grayscale abandoned the cap. It also demonstrates why the August 31 figures should be presented as a dated snapshot, not permanent portfolio weights.
Adviser adoption will determine the model’s importance
The 26.11% allocation establishes XRP’s position within Grayscale’s Bitcoin-free methodology, but it does not measure investor demand. The meaningful evidence will come from adviser-platform availability, reported implementation in client accounts and future allocation updates.
Until those figures emerge, the launch shows how Grayscale would structure non-Bitcoin crypto exposure—not how much adviser money has entered XRP.
This article is provided for informational purposes only and does not constitute financial or investment advice. The allocations cited are dated August 31, 2026, and may change at future rebalances.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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