Grayscale executives and DCG trimmed XRP, Solana, and Chainlink ETF holdings amid weaker prices and slower inflows across altcoin ETFs.
Grayscale insiders and affiliated entities have adjusted their exposure to select altcoin exchange-traded products.
The activity occurred during a period of softer crypto prices and slower ETF inflows, while investors show interest in non-crypto assets.
Executives Reduce Exposure to XRP Trust ETF
Recent filings submitted to the US Securities and Exchange Commission show sales by senior Grayscale officials.
Chairman Barry Silbert and Chief Legal Officer Craig Salm disclosed planned reductions in their holdings.
Silbert sold 9,158 shares of the Grayscale XRP Trust ETF, while Salm sold 7,123 shares. Both transactions were reported through Form 144 filings, which are required for insider sales.
The filings did not include statements explaining the transactions. Such disclosures often reflect routine portfolio management, and no additional guidance was provided by the company.
Parent and Investment Units Adjust Altcoin ETF Positions
DCG International Investments also reduced exposure to Grayscale-linked products. The firm sold 3,000 shares of the Grayscale XRP Trust ETF during January.
The shares were originally acquired in September 2024.
According to John Morgan, Grayscale Executives, Parent Firm Trim Holdings in XRP, Solana, & Chainlink ETFs during periods of changing market liquidity and asset rotation.
The same investment unit sold 18,862 shares of the Grayscale Solana Staking ETF. Records show the firm reduced its GSOL holdings multiple times over the past three months.
Chainlink ETF Holdings Also Reduced
Digital Currency Group disclosed a separate reduction in its Chainlink-related holdings. The parent firm sold 2,822 shares of the Grayscale Chainlink Trust ETF through a planned transaction.
The Chainlink shares were acquired through privately negotiated purchases in September 2023 and October 2024. The Form 144 filing did not include comments on the sale.
The reduction followed continued activity around Chainlink products. Bitwise launched a Chainlink ETF, while CME announced plans to list Chainlink futures contracts.
Despite this, LINK prices remained under pressure.
During the period, XRP traded near $1.88, while Solana hovered around $123. Chainlink changed hands close to $11.87. Trading volumes declined across all three assets.
Spot XRP and Solana ETFs continued to post inflows, although the pace slowed compared to previous weeks.
The disclosures provide insight into insider and parent firm positioning during current market conditions.
Source: https://www.livebitcoinnews.com/why-grayscale-insiders-are-trimming-xrp-sol-and-link-etf-holdings/
