Grayscale Launches GXRP ETF on NYSE Arca as XRP Ledger Hits 4B Transactions
Grayscale Investments has launched the Grayscale XRP Trust ETF (GXRP) on NYSE Arca.
In a press release the agency mentioned the GXRP is structured as an exchange-traded product reasonably than a 1940-Act ETF, that means it doesn’t fall below the regulatory necessities or protections provided to registered ETFs and mutual funds.
As a consequence, the product carries substantial danger, together with the potential lack of principal. While GXRP holds XRP, it doesn’t present traders with direct possession of the token itself.
Krista Lynch, Senior Vice President of ETF Capital Markets at Grayscale, describes the launch as a milestone for traders looking for simplified entry to XRP.
She notes that GXRP goals to supply environment friendly monitoring and simple publicity to the asset whereas increasing investor attain to the broader XRP ecosystem. GXRP initially launched as a non-public placement in September 2024, and its commencement to public markets displays elevated institutional curiosity in mature blockchain networks.
XRP Ledger Reaches Major Milestone
The debut of GXRP comes as the XRP Ledger (XRPL) surpasses 4 billion processed transactions, a testomony to the community’s sturdiness and long-term operational reliability.
Since its launch in 2012, XRPL has positioned itself as a specialised blockchain designed for cross-border funds and high-throughput monetary exercise. Although not constructed for general-purpose sensible contract execution, XRPL incorporates a number of highly effective native options, together with token issuance capabilities, a built-in decentralized change, and assist for non-fungible tokens.
The Role of XRP within the Network
XRP serves as the native digital asset of the XRP Ledger and performs an important function in sustaining the community’s safety and utility. It is required for all transaction charges on the ledger, making certain spam resistance and predictable execution prices.
XRP acts as a extremely liquid bridge asset, enabling seamless motion between fiat currencies and facilitating instantaneous settlement for monetary establishments and fintech platforms constructing on XRPL. Its operate in real-time liquidity provisioning helps the ledger’s imaginative and prescient of powering scalable world funds.
Amplify Launches XRP-Based Option Income ETF
Last week, Amplify ETFs has introduced the primary XRP-based choice earnings exchange-traded fund, the Amplify XRP 3% Monthly Premium Income ETF (XRPM).
The new fund expands Amplify’s YieldSmart household—an options-focused ETF lineup designed to steadiness earnings technology with capital appreciation. XRPM presents exposure to XRP’s price dynamics whereas pursuing high, recurring earnings via an actively managed lined name technique.
Spot Crypto ETF Launches This Week
This week marks one of many busiest durations but for spot crypto ETF exercise, with a number of merchandise slated to debut throughout main U.S. exchanges.
According to the newest filings highlighted by Bloomberg Intelligence, a minimum of 5 spot ETFs are launching within the subsequent six days, spanning belongings such as XRP, Solana, and Dogecoin.
Standout entrants embrace the Grayscale Dogecoin Trust conversion (GDOG) and the Grayscale XRP Trust conversion (GXRP), each scheduled to go reside on November 24, alongside Bitwise’s DOGE ETF (BWOW) and Franklin’s XRP product (XRPZ), set to observe shortly after.
These launches are a part of a broader uptick in crypto ETF approvals as issuers push to convey mainstream on-ramps to a wider vary of digital belongings.
Beyond this week’s launches, filings present a robust pipeline extending into early December. Grayscale’s Chainlink Trust (GLNK) is predicted to hit the market on December 2, whereas extra Solana and XRP-related merchandise from Bitwise and Canary proceed advancing via the approval course of.
Analysts now count on greater than 100 crypto ETFs to roll out over the subsequent six months, reflecting accelerating institutional urge for food and a regulatory surroundings more and more open to diversified digital-asset publicity.
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