Grayscale Investments has officially confirmed the relaunch of its XRP Trust, providing accredited investors with exposure to XRP.
Strong Start for the XRP Trust
The Grayscale XRP Trust debuted in September 2024 and has since shown an impressive 14.35% growth in its net asset value (NAV). As of September 18, the Trust’s NAV per share stood at $11.79, reflecting a 3% surge within just 24 hours.
These robust performance metrics highlight rising institutional interest in XRP through Grayscale’s structured product.
"Grayscale XRP Trust is open to eligible accredited investors seeking exposure to $XRP, which powers the XRP Ledger—a distributed network for cross-border payments."
— Grayscale (@Grayscale)
XRP Outperforms Bitcoin and Major Cryptocurrencies
Grayscale’s weekly market report revealed XRP as the top-performing cryptocurrency among the top 10 by market capitalization. Over the past week, XRP surged 9.6%, surpassing:
- Avalanche (AVAX): +8.4%
- Bitcoin (BTC): +8.1%
- Ethereum (ETH): +1.9%
This rally is partly attributed to Grayscale’s XRP Trust and speculation around a potential XRP-based spot ETF, which could broaden accessibility for retail investors and attract further institutional capital.
👉 Explore crypto trading strategies to capitalize on XRP’s momentum.
Growing Institutional Confidence
On-chain data indicates whales have accumulated over 380 million XRP tokens in the last 10 days, signaling heightened institutional confidence in XRP’s long-term potential.
"XRP Grayscale Trust is live! A gateway to an XRP ETF—then massive institutional adoption. Think long-term."
— @Coachjv_
What Is the Grayscale XRP Trust?
The Grayscale XRP Trust enables accredited investors to gain indirect exposure to XRP without directly holding the asset. While currently limited to institutional participants, Grayscale aims to expand access and eventually convert the Trust into a spot ETF, pending regulatory approvals.
Price Action and Market Sentiment
XRP’s price rose ~14% over the past week, trading near $0.59 by September 20. Analysts project further gains if XRP maintains its outperformance, fueled by:
- Institutional inflows
- Positive reception of Grayscale’s Trust
- ETF speculation
👉 Stay updated on XRP market trends with real-time data.
FAQ
Q: Who can invest in Grayscale’s XRP Trust?
A: Only accredited investors (high-net-worth individuals or institutions) are currently eligible.
Q: How does the Trust differ from buying XRP directly?
A: The Trust offers regulated exposure without the complexities of self-custody or exchange trading.
Q: Could an XRP ETF launch soon?
A: While speculative, Grayscale’s move signals groundwork for eventual ETF conversion, dependent on regulatory clarity.
Q: Why is XRP outperforming Bitcoin?
A: Institutional demand via Grayscale and optimism around Ripple’s cross-border payment solutions are key drivers.
Q: What risks should investors consider?
A: Crypto volatility, regulatory uncertainty, and ETF approval timelines could impact XRP’s price trajectory.
Disclaimer: Cryptocurrencies are highly volatile. Conduct independent research before investing.