Grayscale launches XRP ETF (GXRP) on NYSE Arca amid SEC clarity
Grayscale has launched the Grayscale XRP ETF (ticker: GXRP) on NYSE Arca, converting its private placement trust into a regulated XRP ETF. The ETF provides direct price exposure to XRP without the need for self-custody or exchange trading, following Grayscale’s successful Bitcoin, Ethereum, Dogecoin and Solana ETF conversions. GXRP offers tighter tracking and enhanced liquidity, leveraging Grayscale’s $35 billion asset management expertise. Launch comes after the SEC cleared programmatic XRP sales in the Ripple lawsuit and amid a softer regulatory stance, which has spurred a wave of crypto ETFs. The new regulated XRP ETF strengthens institutional adoption and mainstream acceptance, intensifies competition in digital-asset ETFs and may boost XRP trading volume and market liquidity.
Bullish
The launch of a regulated XRP ETF is bullish for XRP. In the short term, GXRP’s debut on NYSE Arca lowers trading friction, increases liquidity and may trigger a price uptick as investors can access XRP through a familiar ETF structure. In the long term, the ETF wrapper and regulatory approval underpinned by the SEC’s stance on programmatic sales enhance institutional confidence and could sustain consistent inflows. Historical precedent from Bitcoin and Ethereum ETF launches suggests continued positive price momentum and deeper market participation.