Updated:
Grayscale XRP Trust ETF
Grayscale Investments launched the XRP Trust in September 2024, providing institutional and accredited investors with a regulated vehicle for XRP exposure.
Grayscale XRP Trust ETF
Grayscale Investments launched the XRP Trust in September 2024, providing institutional and accredited investors with a regulated vehicle for XRP exposure. The trust holds XRP tokens in custody via Coinbase Custody Trust Company, and shares trade over-the-counter under the ticker symbol. The trust structure allows investors to avoid direct wallet management and exchange risk. The trust's investment objective is to track the price of XRP, with no active management or hedging. It charges an annual sponsor fee of 2.5% of net asset value. The trust does not invest in other digital assets or employ leverage. Holdings are disclosed regularly via regulatory filings. The trust is part of Grayscale's larger product family that includes trusts for Bitcoin, Ethereum, and other digital assets. Grayscale is a subsidiary of Digital Currency Group, the parent company of Genesis and CoinDesk. The trust's shares are not listed on a national exchange, and liquidity depends on secondary market trading demand. Grayscale's trust structure allows investors to gain cryptocurrency exposure through traditional brokerage accounts. Regulatory approval for such conversion remains pending.
General information
Firm type
other
Sector focus
Frequently asked questions
Is the Grayscale XRP Trust ETF available to retail investors?
Shares are offered to accredited investors through private placements, with subsequent trading on OTC markets accessible to all investors via brokerage accounts. The trust structure limits initial access but provides secondary market liquidity for shares already held.
What custody arrangements does the trust use?
Coinbase Custody Trust Company holds the XRP tokens on behalf of the trust, providing cold storage and insurance coverage. Custody is regulated under New York banking law, offering institutional-grade security. The trust's assets are audited regularly to ensure accuracy.
What crypto exposure does the trust provide?
The trust tracks XRP, the native token of the XRP Ledger, used for cross-border payments and remittances. XRP's market capitalization ranks it among the top digital assets by value. The trust holds no other cryptocurrencies or assets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: