Grayscale set to launch XRP trust ETF
Key Takeaways
- Grayscale is preparing to launch an XRP trust ETF, allowing broader investor access to XRP via a regulated, traditional product.
- The Grayscale XRP Trust currently operates as a private placement for accredited investors, tracking XRP's price through a reference rate.
Grayscale has hinted that it will soon launch its XRP trust ETF (GXRP), joining Canary Capital as one of the first US fund managers to expand investor access to the asset through a regulated investment vehicle.
Grayscale XRP Trust is a private placement investment vehicle that provides accredited investors with exposure to XRP through a structured product, tracking a reference rate for the cryptocurrency. Recent filings indicate progress toward converting this trust into a spot exchange-traded fund, with amendments submitted to regulatory authorities to facilitate a potential public launch.
Grayscale has updated its registration statement for the XRP Trust to advance toward an ETF structure. The trust now tracks an updated reference rate provider for determining XRP’s value in its calculations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP in Bullish Mode Above $1.75, Bollinger Bands Signal

FAA Restarts Flights Amid Shutdown, Underscoring Political Disputes on Staffing and Safety
- FAA lifted emergency flight restrictions at 40 U.S. airports after government shutdown eased staffing shortages, restoring normal holiday travel operations. - Shutdown caused 6% flight capacity cuts, political criticism over safety transparency, and economic delays including revised $59.6B August trade deficit data. - Democrats accused Trump administration of politicizing aviation safety, while FAA faces 3,500 air traffic controller shortages and extended controller relocation programs. - Airlines will r

Bitcoin Updates: Metaplanet's Dual Shares Combine Earnings with Bitcoin Growth Potential
- Tokyo-listed Metaplanet raises ¥21.2 billion via Class B perpetual preferred shares to accelerate Bitcoin acquisitions and stabilize capital. - The "MERCURY" shares offer 4.9% fixed dividends and conversion rights, complementing senior "MARS" shares in a dual-tier structure. - Funds will allocate ¥15 billion to Bitcoin purchases, debt repayment, and infrastructure, positioning Metaplanet as Asia's top corporate Bitcoin holder. - The move follows MicroStrategy and Strive , marking Metaplanet as third Bitc

The number of Americans filing initial jobless claims for the week ending November 15 was 220,000.