Grayscale’s XRP Trust has surged 11.44% in net asset value (NAV) just one week after its official launch. On September 17, the trust peaked at $11.77 NAV per share**, reflecting strong investor confidence. Despite a minor dip to **$11.49 on September 18, the overall upward trend underscores growing institutional interest in XRP.
Grayscale’s XRP Trust NAV Performance Highlights
Strong Start with Steady Growth
Grayscale officially launched its XRP Trust on September 12. According to Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research:
"We believe the Grayscale XRP Trust offers investors exposure to a protocol with significant real-world utility. By enabling cross-border payments in seconds, XRP has the potential to revolutionize traditional financial systems."
Before the announcement, the trust’s NAV per share had already shown momentum:
- September 6: $10.31
- September 10: $10.81
- September 12: $11.25
By September 17, it reached an all-time high of $11.77, drawing praise from analysts like CryptoMoses, who noted its "strong momentum" in an X post.
As of September 18, the NAV settled at $11.49, still marking an 11.44% increase from its September 6 low.
👉 Discover how institutional investments are reshaping crypto markets
Comparative Performance of Other Grayscale Trusts
Grayscale NEAR Trust: Declining Value
- Launch Date: May 23
- Current NAV (Sept 18): $6.12 (0.97% drop from Sept 17)
- Monthly Low: $5.29 (Sept 6)
Grayscale Avalanche Trust: Ongoing Slump
- Current NAV (Sept 18): $11.72 (1.68% drop in 24 hours)
- Assets Under Management: $1,025,217.09 AVAX
- Peak NAV (Aug 23): $13.34 (12% decline since then)
Bright Spot: Grayscale SUI Trust
- 24-hour NAV Growth: Nearly 8%, outperforming XRP in the same period.
FAQs About Grayscale’s XRP Trust
1. What drives the NAV growth of Grayscale’s XRP Trust?
Increased institutional demand and XRP’s utility in cross-border payments fuel its performance.
2. How does Grayscale’s XRP Trust compare to other crypto trusts?
While XRP shows growth, NEAR and Avalanche Trusts are declining, whereas SUI Trust is rising.
3. Is the XRP Trust a good investment for long-term holders?
Its rapid NAV growth suggests strong investor confidence, but market volatility remains a factor.
4. Where can I track Grayscale’s XRP Trust performance?
Official updates are available on Grayscale’s website.
👉 Explore institutional-grade crypto investment opportunities
Key Takeaways
- Grayscale’s XRP Trust has gained 11.44% NAV in under two weeks.
- Institutional interest in XRP’s payment solutions is a major growth driver.
- Other trusts like NEAR and Avalanche are struggling, while SUI shows promise.
For more insights on crypto investment trends, stay tuned to expert analyses.