- Grayscale has launched its XRP Trust ETF (GXRP) on NYSE Arca, converting it from a private placement into a publicly traded product.
- GXRP is not a 1940 Act ETF, meaning it lacks certain regulatory protections.
- The listing expands XRP’s presence within traditional financial rails, supporting greater accessibility, liquidity, and institutional engagement.
Grayscale Investments, the world’s largest digital-asset-focused investment platform, has officially launched the Grayscale XRP Trust ETF (GXRP) on NYSE Arca, marking a major step toward expanding institutional access to XRP. The exchange-traded product (ETP) began trading today, converting from its previous private-placement format into a publicly listed fund.
GXRP holds XRP directly, providing investors a way to gain exposure to the asset through traditional market infrastructure—though Grayscale emphasizes that this is not a direct investment in XRP itself.
Not a 40 Act ETF: What Investors Should Know
Grayscale clarified that GXRP is not registered under the Investment Company Act of 1940, meaning it does not carry the same regulatory framework or investor protections found in fully regulated ETFs and mutual funds. The company warns that investing in GXRP “involves significant risk, including possible loss of principal.”
Also Read: Grayscale Just Turned the XRP Liquidity Game Up, Here’s Why This Is Huge for XRP
Despite these caveats, the product is expected to draw interest from institutional and retail investors seeking regulated-market access to XRP exposure.
Krista Lynch, Senior Vice President of ETF Capital Markets at Grayscale, called the launch “another meaningful step in broadening access to the growing XRP ecosystem,” noting that GXRP is built to provide efficient tracking and straightforward exposure for investors searching for transparent and liquid XRP-related products.
XRP Ledger Continues Expanding Its Utility
The XRP Ledger (XRPL), launched in 2012, remains one of the longest-running blockchain networks focused on fast, low-cost global payments. While not originally built for general-purpose smart contracts, XRPL includes several native features such as token issuance capabilities, a built-in decentralized exchange (DEX), and support for NFTs.
XRP functions as the network’s native token and is required for transaction fees, liquidity facilitation, and cross-currency bridging—making it foundational for XRPL-based activity.
GXRP Evolves From Private Placement to Public Market Presence
Originally launched as a private placement in September 2024, GXRP’s transition to a publicly traded ETP on NYSE Arca dramatically expands accessibility. The move aligns with Grayscale’s broader strategy of converting existing trust products into fully tradable market vehicles.
Industry analysts view the listing as another milestone in bringing XRP further into regulated financial rails, potentially opening the door for greater liquidity, institutional flows, and mainstream adoption.
Also Read: BlackRock Could Be the Trigger for XRP’s Biggest Breakout, Pundit
