Grayscale Upgrades its XRP ETF as GXRP Can Now Use XRP Directly for ETF Creations and Redemptions

Grayscale adds Anchorage Digital to its $XRP ETF custody setup and enables in-kind GXRP creations and redemptions using $XRP alongside cash orders.

Grayscale has expanded the operating setup of its $XRP ETF, allowing certain institutional participants to move $XRP directly into and out of the fund while also adding Anchorage Digital Bank as another custodian.

The changes give the Grayscale $XRP Trust ETF (GXRP) more flexibility in how shares are created, redeemed, and backed by $XRP.