Fri. Feb 7th, 2025

Grayscale Offers Trust for XRP, Token Surges

Grayscale Investments LLC, the largest digital asset manager, is launching a trust for Ripple’s XRP token, sending the cryptocurrency up as much as 15% on Tuesday. The trust, which will be listed on the New York Stock Exchange’s Arca platform, will give investors exposure to XRP without having to buy and hold the digital tokens themselves.

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