Grayscale Upgrades its XRP ETF as GXRP Can Now Use XRP Directly for ETF Creations and Redemptions

Grayscale Upgrades its XRP ETF as GXRP Can Now Use XRP Directly for ETF Creations and Redemptions

Grayscale adds Anchorage Digital to its XRP ETF custody setup and enables in-kind GXRP creations and redemptions using XRP alongside cash orders. Grayscale has expanded the operating setup of its XRP ETF, allowing certain institutional participants to move XRP directly into and out of the fund while also adding Anchorage Digital Bank as another custodian.Visit Website

Grayscale XRP ETF Adds In-Kind Transactions and New Custodian

Grayscale’s XRP exchange-traded fund (ETF) has expanded how institutions exchange tokens for shares while adding another provider to safeguard its holdings. The changes could improve trading efficiency and broaden custody arrangements for the fund’s XRP holdings. GXRP Opens Direct XRP Exchanges Alongside Cash The Grayscale XRP Trust ETF (GXRP) expanded its institutional exchange options, an […]

Grayscale Just Made a Big Upgrade to Its XRP ETF

Crypto analyst Xaif (@Xaif_Crypto) highlighted a prospectus supplement filed by Grayscale on October 5, revealing two major operational upgrades to the Grayscale XRP Trust ETF, traded on NYSE Arca under the ticker GXRP. The filing confirms Anchorage Digital Bank has joined as an additional custodian, and authorized participants can now conduct in-kind creations and redemptions […]

Grayscale Opens XRP ETF to Direct XRP Creations and Redemptions

Eligible institutional participants can use XRP for share orders, while Coinbase Custody remains the fund’s primary custodian and Anchorage Digital Bank is added as an additional custodian.