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WE-Launch
Grayscale XRP Trust Spot ETF GXRP commenced trading today.
BlockBeats News, November 24th, according to official sources, Grayscale Investments today announced that the Grayscale XRP Trust (Ticker: GXRP) has begun trading as an ETP on the New York Stock Exchange Arca.
Grayscale further stated that GXRP is an ETF and is not registered under the Investment Company Act of 1940 ("1940 Act"), and therefore does not have the same regulatory and investor protection as ETFs and mutual funds registered under the 1940 Act. Investing in GXRP involves significant risks, including the possible loss of principal. GXRP holds XRP, but investing in GXRP is not a direct investment in XRP.
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