Grayscale XRP Trust ETF

Grayscale XRP Trust ETF is an exchange-traded fund structured as a Delaware statutory trust that holds XRP, the native digital token of the XRP Network. The fund operates as a passive investment vehicle designed to track the market price of XRP, minus trust expenses and other liabilities. The trust does not actively manage assets, generate speculative profits, or use financial leverage or derivatives. Shares are issued and redeemed in blocks called baskets directly with authorized participants, while individual investors access exposure to XRP through secondary market trading.

The trust holds its underlying digital assets through a third-party institutional custodian, which stores the corresponding private key shards offline in geographically distributed cold-storage vaults across the world, including within the United States. Grayscale XRP Trust ETF maintains its principal executive offices in Stamford, Connecticut, and lists its shares for public trading on the NYSE Arca exchange under the ticker symbol GXRP.

Summary of the business section of Grayscale XRP Trust ETF's latest annual report, written by StockData.