Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Grayscale Reopens XRP Trust Amid Ripple’s 2025 Growth Plans

Grayscale Reopens XRP Trust Amid Ripple’s 2025 Growth Plans

CryptotaleCryptotale2025/01/24 02:07
By:Chris Murithi
  • Grayscale reopens XRP Trust, offering accredited investors regulated exposure to XRP.
  • Monica Long, Ripple’s President to outline 2025 goals and ecosystem growth on January 28.
  • Ripple’s legal victory fuels renewed interest in XRP and institutional adoption efforts.

Grayscale Investments has reactivated its XRP Trust to serve accredited investors who want exclusive XRP exposure through the Ripple Network platform. The trust enables institutional investors to receive XRP exposure without having to buy or maintain ownership of the cryptocurrency. This announcement aligns with renewed interest in XRP and significant legal developments surrounding Ripple Labs.

Grayscale XRP Trust is open to eligible accredited investors seeking exposure to $XRP, which powers the XRP ledger, a distributed network used for cross-border payments.

Learn more about Grayscale XRP Trust, see important disclosures, or reach out to us: https://t.co/2gq5w3Fbpj pic.twitter.com/GSxIaeAYOO

— Grayscale (@Grayscale) January 23, 2025

The Grayscale XRP Trust started operations in September 2024 with CoinDesk Ripple Price Index (XRX) as its benchmark index. Investors who engaged with the Trust paid a 2.50% management fee while escaping direct cryptocurrency complications. The Trust provided investors with accessibility to XRP through a regulated mechanism which showed the coin’s price after deducting operational expenses.

XRP provides its key functionality in linking cross-border payments through the decentralized Ripple Network protocol. The technology of Ripple Labs serves to provide rapid affordable solutions for international payment networks. These efforts are particularly relevant following a partial legal victory for Ripple in its SEC case. In July 2023, a federal judge ruled that XRP is not a security when sold on digital exchanges. However, institutional sales were deemed unregistered securities transactions.

Grayscale has been actively diversifying its digital asset offerings. In December 2024, the firm introduced the Lido DAO (LDO) and Optimism (OP) Trusts, which focus on Ethereum-related solutions. The XRP Trust is part of this broader strategy, emphasizing Grayscale’s commitment to meeting institutional demand.

Related: Can XRP Gain Momentum to Break $5 & Sustain Its Rally in 2025?

Ripple’s leadership also aims to drive innovation and expand adoption. Monica Long, Ripple’s President, will discuss the company’s 2025 goals during a scheduled event on January 28. The presentation will showcase Ripple’s strategies to boost tokenized financial asset adoption combined with blockchain innovation specific to the Asia-Pacific area. Ripple extends cooperation through an open invitation for participants to raise questions before their next event.

Excited to discuss @Ripple’s goals for 2025, including how we’re driving institutional adoption of tokenized financial assets onchain – plus, digging into blockchain innovation across APAC. Can't wait!

Thanks for the questions and keep 'em coming! https://t.co/PtdUAJyN3Q

— Monica Long (@MonicaLongSF) January 23, 2025

XRP’s market activity remains robust. At press time, XRP was trading at $3.16 per token experiencing 1.20% increase in the last 24 hours. The market capitalization for XRP stands at $182.18 billion while its total daily trade volume reached $8.97 billion resulting in a 6.61% increase. XRP demonstrates impressive market dominance through its key metrics showing expanding blockchain adoption throughout the market.

The post Grayscale Reopens XRP Trust Amid Ripple’s 2025 Growth Plans appeared first on Cryptotale.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30