Grayscale’s New Spot ETF Brings Significant Change to the XRP Market

Grayscale has launched a new spot ETF for XRP called GXRP, marking a major turning point in XRP’s adoption by institutional investors. The ETF structure eliminates liquidity friction and removes the need for traditional trust-based holdings, allowing for easier access to XRP for institutions previously restricted from holding native assets. GXRP will now be listed on NYSE Arca, trading starts today. This is significant because it marks a crucial step in the process of bringing XRP into the mainstream financial system, connecting it with existing infrastructure and opening doors for further institutional investment.