Grayscale Launches GXRP Exchange-Traded Product on NYSE Arca as XRP Ledger Crosses 4 Billion Transactions

Grayscale Investments has launched the Grayscale XRP Trust (GXRP) on NYSE Arca, providing exposure to XRP, the third-largest digital asset by market capitalization. The product is structured as an exchange-traded product rather than a registered investment company under the Investment Company Act of 1940. The XRP Ledger has processed over 4 billion transactions since launching in 2012.