Grayscale has updated its XRP Trust ETF (GXRP) to permit Authorized Participants to create and redeem shares using XRP directly, instead of only cash. This means eligible institutions can transfer XRP to the trust to receive new shares or return shares to redeem XRP. The change enhances flexibility for institutional investors and adds Anchorage Digital Bank as a secondary custodian alongside Coinbase Custody. These updates were formalized in agreements signed on September 29 and included in an October 5 prospectus supplement, signaling Grayscale's effort to improve operational efficiency and asset management for the fund.
Grayscale's update to its XRP ETF allowing direct XRP creations and redemptions provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, as of Oct 06, 2026 23:03 WIB, 25 of 50 major cryptocurrencies rose while 24 fell. Notable movers include UNI at Rp155.214 with a 1-day change of -2.94%, COTI at Rp246 with a 1-day change of -2.94%, and ONE at Rp42 with a 1-day change of -2.90%.
An analyst from BMO Capital set a $67 price target for Devon Energy, suggesting a 40% upside from its current share price of around $48. The oil and gas producer has consistently beaten earnings estimates recently, showing strong financial health. Ho...
An investment of $10,000 in Marvell stock a decade ago has grown to approximately $206,000 today. Achieving the same growth again would require an annual earnings increase of 35%. This highlights Marvell's strong past performance and the challenge of...
Analyst Ivan Feinseth of Tigress Financial raised Amazon's price target from $315 to $385, reflecting a potential 50.8% upside from the current price of $255.37. The upgrade is driven by strong demand for Amazon Web Services (AWS), with much of its 2...
Omega Pacific Resources Ltd. has initiated a 5,000-metre drilling program at its Williams Gold Project in British Columbia's Toodoggone District following promising 2024 gold discoveries. The project targets gold and copper-gold porphyry deposits ami...
Ondo Finance has expanded into private markets with Ondo Private Markets, offering tokenized notes linked to the value of an unnamed pre-IPO AI company. Unlike buying shares, investors receive notes whose payouts depend on the company's liquidity eve...
