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At Close: Jun 22, 2026
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
One of the world's leading crypto fund managers, Grayscale, on Thursday, announced its plans to launch a closed-end XRP trust in the US, seeking to allow accredited investors to buy shares that track
TL;DR Grayscale has launched the XRP Trust, the first closed-end XRP trust in the U.S., targeting accredited investors interested in gaining direct exposure to Ripple's token. The XRP Trust does not r

Why Ripple (XRP) Is Soaring Today

01:05pm, Thursday, 12'th Sep 2024
Why did Ripple (XRP) soar on Thursday morning? A familiar fund manager is finally making moves in the XRP space.
XRP price is poised for a significant rally, despite gaining 6% upside momentum in the past four hours. It's all thanks to the asset management giant Grayscale. On September 12, 2024, the firm announc
Grayscale Investments has unveiled and launched the Grayscale XRP Trust today, that led to the XRP price rocketing. This new trust allows investors to access XRP, the digital token used by the XRP Led

Grayscale Revives XRP Trust After 3-Year Hiatus

12:50pm, Thursday, 12'th Sep 2024
Grayscale Investments has launched a new XRP Trust, marking the asset manager's return to XRP (CRYPTO: XRP) after dissolving its previous trust in January 2021. What Happened: The move comes following
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Crypto asset manager Grayscale launched the XRP Trust, a new product giving investors exposure to the Ripple-aligned asset.
Ripple Labs confirmed the issuance of an additional 90 RLUSD stablecoins, continuing its operational strategy to expand its digital assets. According to data from the Ripple Stablecoin Tracker, these

Grayscale Launches First XRP Trust, ETF Soon?

12:01pm, Thursday, 12'th Sep 2024
Top investment asset management firm Grayscale has launched an XRP trust. This is the first such investment offering in the United States and could eventually lead to a spot XRP exchange-traded fund (

Grayscale Launches New Trust for XRP

11:02am, Thursday, 12'th Sep 2024
This new trust lets people invest in XRP, a special digital token that helps with fast and easy money transfers across borders. XRP is part of a blockchain called the XRP Ledger (XRPL).
Grayscale has introduced a new crypto investment trust fund for XRP, according to a Sept. 12 statement.
The XRP price experienced a notable upswing on Thursday, reaching a three-week high of $0.
Grayscale launches first U.S. XRP trust, sparking 8% price surge and speculation about potential US XRP ETF.
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