Grayscale Launches XRP Trust in the US, XRP Surges 8%
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September 12, 2024
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Grayscale Launches XRP Trust, Offering Direct Investment in XRP for Qualified Investors
According to Mars Finance, Grayscale, a cryptocurrency fund manager, is launching an XRP trust. This closed-end fund will offer qualified investors direct exposure to XRP (XRP).
The trust will function similarly to Grayscale's other single-asset investment trusts, exclusively investing in tokens underpinning the XRP ledger. This news has resulted in an 8% surge in the price of XRP.
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