- The reintroduction of Grayscale's XRP Trust signals growing institutional interest in $XRP.
- The fund provides accredited investors exclusive access to the cryptocurrency through net asset value (NAV) shares.
- XRP Trust's NAV surged 11.44% in a week, reflecting positive market momentum for $XRP.
Grayscale has relaunched its XRP Trust, offering accredited investors an attractive avenue for exposure to $XRP. The XRP Ledger, known for facilitating cross-border payments, has gained significant recognition recently.
With the launch of the U.S. XRP Trust, Grayscale is positioning itself competitively for a potential XRP ETF, adding to its suite of crypto investment products. This aligns with Grayscale's broader goal of expanding options for accredited investors in the evolving cryptocurrency market.
Rising Institutional Demand
On September 15, via its X platform, Grayscale announced the reopening of private placements for 18 cryptocurrency funds. These include prominent tokens like Avalanche, NEAR Protocol, Bitcoin Cash, and Solana, alongside the XRP Trust.
👉 Explore how institutional demand is shaping crypto markets
Grayscale’s cryptocurrency funds offer a unique investment model. Accredited investors can purchase shares at net asset value (NAV) instead of managing cryptocurrencies directly. This simplifies investment, allowing participation in crypto markets within a traditional framework. Currently, the XRP Trust and eight other products are in private placement. Investors must hold shares for at least one year to comply with regulatory standards.
Positive Growth for XRP Trust
Recent performance metrics show strong growth for the XRP Trust. On September 18, its NAV per share rose to $11.49, up from a low of $10.31 on September 6. The fund now manages assets worth approximately $646.7 million, with each share representing 19.98 XRP. On September 17, NAV per share peaked at $11.77 before settling at $11.49.
According to analyst JackTheRippler, the overall trend remains bullish, with an 11.44% increase last week. This upward momentum reflects growing institutional interest, fueled by Grayscale’s reopening of XRP and other crypto fund subscriptions.
At press time, XRP’s live price is $0.589725, with a 24-hour trading volume exceeding $1.3 billion. The token saw a modest 0.81% daily increase.
FAQ Section
What is Grayscale’s XRP Trust?
It’s a fund allowing accredited investors to gain exposure to XRP through NAV shares, simplifying crypto investment without direct asset management.
Why did Grayscale reopen the XRP Trust?
The move aligns with rising institutional demand and Grayscale’s strategy to expand crypto investment products.
How does NAV per share work?
NAV represents the fund’s total assets minus liabilities, divided by outstanding shares, offering a fair valuation metric for investors.
👉 Discover more about NAV-based crypto investments
What’s the minimum holding period for XRP Trust shares?
Investors must hold shares for at least one year to meet regulatory requirements.
How does XRP’s performance compare to other crypto funds?
XRP Trust’s 11.44% weekly NAV growth outperforms many peers, signaling strong market confidence.