Grayscale’s New XRP ETF Hits the Market, Joining a Surge of Institutional Interest

Grayscale Investments just launched its new Grayscale XRP Trust (GXRP) — now trading on the NYSE — marking the fourth XRP ETF to debut in just two weeks. GXRP began with about US$11.67 million in assets from a converted trust and offers a 0.35% management fee waived for the first three months. The ETF is backed by the reputable Grayscale team and uses Coinbase Custody Trust Company for secure storage — providing institutions a regulated, familiar way to get exposure to XRP without dealing with direct crypto custody. This rapid wave of ETF launches — from issuers like Canary Capital, Bitwise, Franklin Templeton — signals a growing institutional rush into XRP. By adopting ETFs, traditional investors, advisers, and funds can now more easily allocate to XRP, potentially helping the cryptocurrency transition from niche alt‑coin to mainstream portfolio asset. #XRP #CryptoETF #Grayscale #InstitutionalInvesting #SlimScan #GrowthStocks #CANSLIM