Grayscale Reintroduces XRP Trust for Accredited Investors

  • Grayscale’s XRP Trust reintroduction signals growing institutional interest in $XRP.

  • The trust offers accredited investors unique access to crypto via net asset value shares.

  • XRP Trust’s NAV rose 11.44% in a week, reflecting positive market momentum for $XRP.

Grayscale has brought back its XRP Trust, giving accredited investors an attractive way to gain exposure to $XRP. XRP on the XRP Ledger, has gained much recognition lately for cross-border payments.

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/z4l4tlP0pv

— Grayscale (@Grayscale) September 19, 2024

With the launch of the U.S. XRP Trust, Grayscale is vying for a potential XRP ETF, to add to its suite of investment products. This move fits with Grayscale’s larger goal to expand options for accredited investors in the ever-changing cryptocurrency market.

Growing Institutional Demand

On September 15, via its X platform, Grayscale announced it has reope…

The post Grayscale’s XRP Trust Reopens, NAV per Share Surges to $11.49 appeared first on Coin Edition.

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