Key Takeaways
- • Grayscale's XRP Trust ETF (GXRP) has added in-kind transactions, allowing authorized firms to exchange XRP directly for ETF shares, according to headlines describing the upgrade.
- • Anchorage Digital has been added as a second custodian alongside Coinbase, which remains the primary custodian of the Trust's XRP.
- • Anchorage will safeguard a portion of the Trust's XRP under an agreement requiring at least $100 million in aggregate theft insurance.
- • Grayscale's website listed GXRP's NAV per share at $26.76 and assets under management at $90.46 million as of 10/09/2026.
Summary
Grayscale has upgraded its XRP Trust ETF (GXRP), adding in-kind transaction capability and a second custodian, according to multiple headlines and summaries of the update. Under the in-kind mechanism, authorized firms can exchange XRP directly for ETF shares. Coinbase remains the primary custodian, while Anchorage Digital will safeguard a portion of the Trust's XRP. Anchorage's custody arrangement requires at least $100 million in aggregate theft insurance, per the reporting.
Grayscale's ETF listing page reported a NAV per share of $26.76 and AUM of $90.46 million as of 10/09/2026. A separate quote page showed GXRP trading in a range of $26.67 to $26.94 on 2026-10-10. Earlier coverage described GXRP's NYSE debut as the fourth XRP ETF to launch in two weeks, with $11.67 million in initial AUM.
Grayscale's prospectus-based disclosures stress that GXRP is not a direct investment in XRP, that it is subject to heightened volatility, and that the fund's shares trade at market price and may diverge from NAV. The disclosures also note that a custodian resignation or removal without replacement could trigger early termination of the fund. The source article itself could not be retrieved, so details beyond the headlines and snippets above are limited.
Grayscale's ETF listing page reported a NAV per share of $26.76 and AUM of $90.46 million as of 10/09/2026. A separate quote page showed GXRP trading in a range of $26.67 to $26.94 on 2026-10-10. Earlier coverage described GXRP's NYSE debut as the fourth XRP ETF to launch in two weeks, with $11.67 million in initial AUM.
Grayscale's prospectus-based disclosures stress that GXRP is not a direct investment in XRP, that it is subject to heightened volatility, and that the fund's shares trade at market price and may diverge from NAV. The disclosures also note that a custodian resignation or removal without replacement could trigger early termination of the fund. The source article itself could not be retrieved, so details beyond the headlines and snippets above are limited.
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