Grayscale XRP ETF (GXRP) USD Price

The Grayscale XRP Trust ETF (ticker: GXRP) gives investors exchange-traded exposure to XRP through a spot vehicle listed on NYSE Arca. The fund is solely and passively invested in XRP, with the objective of reflecting the value of the XRP held in the trust, minus expenses and other liabilities. 

GXRP converts Grayscale’s existing XRP trust into a fully tradable ETF, allowing investors to access XRP through standard brokerage and retirement accounts instead of navigating crypto exchanges or self-custody. Like the firm’s other single-asset products, GXRP holds XRP in institutional custody with Coinbase Custody Trust Company, with BNY serving as fund administrator and CoinDesk Indices providing the underlying price index. 

At launch, Grayscale is waiving GXRP’s management fee, resulting in a 0% gross expense ratio for the first three months or until the fund reaches $1 billion in assets, whichever comes first. After the waiver period, the total expense ratio steps up to 0.35%. That puts GXRP in line with other low-fee spot XRP ETFs while still carrying the concentrated risk and volatility of a single-asset crypto product. 

With GXRP, Grayscale extends its crypto ETF lineup beyond bitcoin, ether, solana and dogecoin, giving Wall Street another regulated way to express a view on XRP as the token’s ecosystem and legal backdrop continue to evolve.