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Grayscale XRP ETF Begins Trading on NYSE Arca Under Ticker GXRP
Grayscale began public trading of its XRP ETF, GXRP, on NYSE Arca. The company confirmed the development in a press release. GXRP offers investors exposure to XRP through a regulated exchange-traded product. Grayscale XRP ETF Begins Trading as GXRP: Grayscale listed GXRP as an exchange-traded product, not a traditional ETF under the Investment Company Act of 1940. This structure allows for different regulatory oversight and investment mechanics than those of mutual funds and standard ETFs. tweet Krista Lynch, Head of ETF Capital Markets at Grayscale, stated GXRP offers “simple and efficient” exposure to XRP. ... (full story)
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