Digital asset manager Grayscale has joined Bitwise to remove Ripple’s XRP from its large-cap crypto fund. Grayscale announced its plan on the 5th of January amid the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC).
tweet“XRP was removed following DLC Fund’s Quarterly Review (12/31/20). No others assets qualified for inclusion.”
About a week ago, the US SEC filed a lawsuit against Ripple and two of its top executives for raising $1.3 billion through the sale of unregistered tokens. Following the lawsuit, several exchanges have announced the delisting of Ripple’s native token XRP from their exchange platforms.
Similarly, OKCoin also announced the suspension of XRP trading and deposits on its platform.
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