Important points
- Grayscale is preparing to launch an XRP Trust ETF that will make XRP accessible to a broader range of investors via regulated traditional products.
- Grayscale XRP Trust currently operates as a private placement for accredited investors and tracks XRP prices through a reference rate.
Grayscale has signaled it will soon launch the XRP Trust ETF (GXRP), joining Canary Capital as one of the first US fund managers to expand investor access to assets through a regulated investment vehicle.
Grayscale XRP Trust is a private investment vehicle that provides accredited investors with exposure to XRP through a structured product and tracks a reference rate for the cryptocurrency. Recent filings show progress toward converting the trust into a spot ETF, with proposed amendments being submitted to regulators to facilitate a potential public offering.
Grayscale has updated its registration statement for XRP Trust to move towards an ETF structure. The Trust is currently tracking an updated reference rate provider to determine the value of XRP in its calculations.
