On September 12, according to Grayscale's official website, the management fee rate for the Grayscale XRP Trust is 2.5%. The CoinDesk XRP Price Index (XRX) provides a USD-denominated reference rate for its spot price. As of September 11, the estimated net asset value per share was $10.73, with total assets under management at $247,921.68.

BlockBeats previously reported that Grayscale will launch its first US XRP Trust, paving the way for a potential ETF. The first XRP Trust is a "closed-end" fund that will provide qualified investors with the opportunity to invest directly in XRP. Trusts and ETFs are two different investment products. ETFs must be approved by the US Securities and Exchange Commission as they are directly sold to retail investors, while trusts have a structure and are marketed to qualified investors under less stringent regulations. Even so, trusts can become ETFs as long as they receive appropriate regulatory approval.