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Grayscale's XRP ETF now allows institutional XRP share creations and redemptions directly with the fund.

Protocol Fundamentals
06 Oct 2026, 19:21 WIB
Tokenpost
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Bullish
Grayscale's XRP ETF now allows institutional XRP share creations and redemptions directly with the fund.

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%.

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