Grayscale Investments® Launches Grayscale® XRP Trust

STAMFORD, Connecticut, Sept. 12, 2024 (GLOBE NEWSWIRE) — Grayscale Investments®, an asset manager specializing in cryptocurrency investing offering over 20 cryptocurrency investment products, today announced the formation and public launch of the Grayscale® XRP Trust (the “Trust”).

The Trust offers investors the opportunity to gain exposure to XRP, the token that powers the XRP Ledger (XRPL), a distributed peer-to-peer network designed to facilitate cross-border financial transactions.

“We believe the Grayscale XRP Trust gives investors access to a protocol with a compelling real-world use case,” said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale. “By facilitating cross-border payments that take just seconds to complete, XRP has the potential to transform traditional financial infrastructure.”

The Trust is now open for daily subscription by eligible individual and institutional accredited investors. The Trust operates like other Grayscale single-asset mutual funds and invests exclusively in the token underlying the XRP Ledger (XRP).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation would be unlawful, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Grayscale intends to attempt to list shares of new products on the secondary market. However, there is no guarantee that Grayscale will be successful. Although shares of some products have been approved for secondary market trading, investors in new products should not assume that these shares will ever receive such approval due to various factors, including questions that regulators such as the SEC, FINRA or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investing in shares indefinitely. To date, some products have failed to meet their investment objective, and the shares of these products listed on OTC markets have not reflected the value of the digital assets held by such products, net of costs and other liabilities of such products, but have instead traded at a premium over such value, which has sometimes been significant. There have also been instances where the shares of some products have traded at a discount.

About Grayscale Investments®
Grayscale enables investors to access the digital economy through a family of forward-thinking investment products. Founded in 2013, Grayscale has a decade of experience and deep expertise as an asset manager specializing in cryptocurrency investing. Investors, advisors, and allocators turn to Grayscale for single-asset, diversified, and thematic exposure. For more information, follow @Grayscale or visit grayscale.com.

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