🌱 Smart Money Institute Update: Grayscale's XRP Trust Disclosed🌱

Grayscale has unveiled key details about its XRP Trust, with a management fee set at 2.5%. The trust will utilize the CoinDesk Ripple Price Index (XRX), offering a USD-denominated reference rate for XRP’s spot price.

As of September 11, the XRP Trust's Assets Under Management (AUM) reached $247,921.68 with a Net Asset Value (NAV) per share of $10.73.

At Smart Money Institute🌱, we encourage our community to stay ahead of these developments as digital assets reshape financial markets!📌