Grayscale XRP Trust returns, offering regulated exposure to XRP

Can Grayscale’s XRP Trust revive institutional interest in XRP?

On Jan. 17, 2024, Grayscale Investments, a digital currency asset management firm, has announced the reopening of its XRP (XRP) Trust to eligible accredited investors.

Grayscale XRP Trust is open to eligible accredited investors seeking exposure to $XRP, which powers the XRP ledger, a distributed network used for cross-border payments.

Learn more about Grayscale XRP Trust, see important disclosures, or reach out to us: https://t.co/2gq5w3Fbpj pic.twitter.com/n8JyvryR6u

— Grayscale (@Grayscale) January 16, 2025

The Grayscale XRP Trust allows institutional and accredited investors to gain exposure to XRP through a regulated investment product. The Trust is structured to reflect the market price of XRP, minus fees and expenses, without requiring investors to directly purchase or manage the cryptocurrency. XRP itself is used primarily for cross-border payments and is supported by the Ripple Network, a decentralized blockchain system facilitating fast and efficient transactions.

XRP is a digital asset created and transmitted via the Ripple Network, a decentralized blockchain system that facilitates fast and efficient transactions. The network allows users to exchange tokens of value, called XRP, with speed and minimal friction.

Launched on Sept. 5, 2024, the Grayscale XRP Trust is benchmarked against the CoinDesk Ripple Price Index (XRX). With a performance fee of 0.00% and a management fee of 2.50%, the Trust offers a cost-effective solution for accredited investors seeking exposur

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Author: Hassan Shafiq

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