| Mobile Web

Search results for GXRP

Crypto

Grayscale launches in-kind transfers for crypto ETPs covering BTC, XRP and others

Asset manager Grayscale has introduced an in-kind transfer feature that allows investors to exchange cryptocurrencies they hold for shares of its exchange-traded products without converting them into cash. The feature initially applies to 10 Grayscale crypto ETPs, covering products linked to bitcoin, ethereum, solana, XRP and others. Minimum investment amounts vary by product and stock price. Grayscale said the approach can reduce self-custody burdens and transaction costs.

Crypto

Grayscale GXRP XRP ETF adds in-kind creation and redemption

Grayscale\'s spot XRP exchange-traded fund, GXRP, will support in-kind creation and redemption that allow XRP to be deposited and withdrawn directly. Grayscale disclosed the operational change through amended registration materials and filings with the U.S. Securities and Exchange Commission. The ETF had previously processed cash orders only. The update follows contracts signed on Sept. 29 and revisions to agreements with Macquarie Capital USA and Virtu Americas. Grayscale also added Anchorage Digital Bank as a custodian.

Crypto

XRP spot ETF inflow run halts amid outflow, raising question of big investor exit

XRP spot exchange-traded funds recorded a net outflow of $5,153,410 on Sept. 17, pausing a recent inflow streak. The move was the first daily negative print in about a month, though weekly cumulative flows remained net positive. Outflows were concentrated in two products, while others were unchanged. Data limitations and ETF creation and redemption mechanics make it difficult to link flows directly to XRP spot supply and demand.