The Grayscale XRP Trust has recently been relaunched, following the conclusion of the SEC-Ripple lawsuit. Since its debut on September 5, this investment product has attracted considerable attention from the XRP community due to its impressive performance.
When deciding between investing in the Grayscale XRP Trust or purchasing $XRP tokens directly, it's important to recognize the differences. Coach JV, a well-known figure in the XRP community, explains that investing in the trust means you don't own XRP outright; rather, you gain exposure to its performance. This allows investors to benefit from potential gains without holding the actual tokens.
Investors in the Grayscale XRP Trust receive about 19.98 XRP per share, with the current net asset value (NAV) at $11.79, which equates to approximately $0.59 per XRP. This suggests that the costs of acquiring XRP directly or through the trust are quite similar.
A key benefit of the Grayscale Trust is the convenience it provides. Grayscale takes care of custody and security, which frees investors from these responsibilities, though this service comes with a 2.5% management fee.
For traditional investors who want to avoid the complexities of crypto management, the Grayscale XRP Trust offers an appealing option. By delegating custody to Grayscale, they can gain exposure to XRP while simplifying their investment experience.
**Institutional Interest in the Grayscale $XRP Trust**
The solid performance of Grayscale's XRP Trust has also underscored a notable interest from institutional investors. The trust's assets under management (AUM) have significantly increased, reaching $689,602, up from $646,729 the day before and considerably higher than $622,000 earlier in the week. The NAV of the trust has also risen by 2.61% in the last day, reflecting growing optimism among institutional investors regarding XRP's prospects.
**Disclaimer:** This content is for informational purposes only and should not be construed as financial advice. Readers should conduct their own research before making investment decisions. The Crypto Basic is not responsible for any financial losses incurred.
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