XRP ETF Filed by Grayscale

Grayscale Files for XRP ETF on NYSE Arca

• Grayscale has filed to convert its XRP Trust into an exchange-traded fund (ETF) on NYSE Arca.
• The XRP Trust currently manages approximately $16.1 million in assets.
• The trust is structured to track XRP’s market price, minus fees, with custody by Coinbase Custody Trust Company.
• XRP is trading at $3.12, with a market cap just below $180 billion.
• If approved, the ETF would offer regulated exposure to XRP without direct ownership of the asset.

Grayscale aims to broaden investor access to XRP by converting its $16.1 million trust into an ETF on NYSE Arca, offering oversight benefits and eliminating the need for direct asset custody.