- Grayscale's XRP Trust (XRP) debuted on the NYSE as the fourth XRP ETF in two weeks, following Canary Capital, Bitwise, and Franklin Templeton.
- GXRP begins with $11.67M in assets from a converted trust and waives its 0.35% fee for three months.
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Grayscale's XRP Trust (GXRP) debuted Monday, November 24, on the NYSE, marking a turning point for XRP's (CRYPTO: XRP) place in traditional finance. It arrives as the fourth XRP ETF launch in two weeks, a pace rarely seen for altcoins and one that signals real institutional interest building.
For years, XRP struggled to gain traction on advisor platforms and regulated investment channels. This listing changes that. GXRP gives institutions a regulated, straightforward path to access XRP without the hurdles of crypto custody or OTC markets, moving XRP closer to mainstream allocation.
Why Grayscale's XRP ETF Matters for Institutional Adoption
Grayscale's move into XRP comes with regulatory clarity. Institutions now have regulated access, cleaner reporting, and fewer operational hurdles. The ETF format gives XRP a path into traditional portfolios that didn't exist before.
Familiar Structure for Traditional Investors
Grayscale helped institutions enter crypto long before ETFs were common. Converting the old trust into GXRP brings XRP into a structure that advisors already understand. This makes compliance approval simpler. Existing holders shift into the ETF without operational changes, keeping allocation steady rather than disrupting it.
Trusted Brand With Deep Institutional Reach
Grayscale's reputation carries weight in traditional finance. Its products sit in wealth platforms, multi-asset funds, and family office allocations. GXRP on the NYSE provides institutions with regulated access to daily liquidity and transparent reporting. The pairing with Coinbase Custody reduces concerns about asset handling. Investors prefer names they know, and that familiarity boosts adoption.
Streamlined Access Through Advisor Platforms
GXRP shows up in the same allocation tools used for equities and bonds. Advisors can now add XRP exposure without adjusting their workflow or dealing with crypto-specific systems. Tax, compliance, and accounting processes fit neatly into existing structures. These inflows build gradually but tend to hold for multi-year periods, which strengthens XRP's long-term positioning.