XRP Secures Significant Share in Valour’s Cryptocurrency Basket Following Index Rebalancing

Introduction: In a recent report, it has been revealed that XRP now holds a substantial portion of the cryptocurrency offering in Valor Inc., a widely recognized issuer of exchange-traded products (ETP) on the European market.

XRP’s Weight in Valour’s Digital Asset Basket: According to information from Valour’s official website, the prominent firm has adjusted the composition of its basket index of digital assets known as “VDAB10.”

For context, VDAB10 tracks the performance of the ten most significant cryptocurrencies by market capitalization. This basket structure, based on the euro as the underlying currency, provides investors with diversified access to the considered cryptocurrencies.

Following the rebalancing of VDAB10 conducted by Valour, XRP now constitutes 10.23% of the basket. In contrast, most other altcoins, including Solana (SOL), Cardano (ADA), Tron (TRX), Toncoin (TON), and Polkadot (DOT), have weights below 5%.

Top Digital Assets in VDAB10: The only digital assets with weights higher than XRP are the market giants Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). BTC and Ethereum hold the maximum weight allocation in Valour at 30%. On the other hand, BNB is just 1.48% higher than XRP, standing at 11.71%.

It is noteworthy that Valor performs quarterly rebalancing and sets a maximum limit of 30% for each underlying asset. If a component’s share exceeds 30%, its weight is reduced to the maximum value, and the excess weight is proportionally redistributed among all other components of the index.