According to official data from Grayscale, the management fee rate of Grayscale XRP Trust, the XRP Trust Fund it launched, is 2.5%, and the CoinDesk Ripple Price Index (XRX) will be used to provide a reference exchange rate denominated in US dollars for the spot price of Grayscale XRP Trust. In addition, as of September 11, the asset management scale of Grayscale XRP Trust reached US$247,921.68, with a net value of US$10.73 per share.