Grayscale Amends XRP ETF Filing to Add In-Kind Transactions and New Custodian
Key Highlights Grayscale outlines plans allowing authorized participants to handle in-kind creations and redemptions for its GXRP product on NYSE Arca. Direct XRP-for-share exchanges aim to minimize transaction costs, eliminate unnecessary market transactions, and narrow ETF share pricing spreads. Anchorage joins Coinbase Custody to safeguard the fund’s XRP holdings, introducing a multi-custodian approach backed by ...