Grayscale Investments has launched the Grayscale XRP Trust ETF (GXRP) on NYSE Arca.
In a press release, the firm said the GXRP is structured as an exchange-traded product rather than a 1940-Act ETF, meaning it does not fall under the regulatory requirements or protections offered to registered ETFs and mutual funds.
As a result, the product carries substantial risk, including the potential loss of principal. While GXRP holds XRP, it does not provide investors with direct ownership of the token itself.
Krista Lynch, Senior Vice President of ETF Capital Markets at Grayscale, describes the launch as a milestone for investors seeking simplified access to XRP.
She notes that GXRP seeks to provide efficient tracking and straightforward exposure to the asset while expanding investor reach to the wider XRP ecosystem. GXRP initially launched as a private placement in September 2024, and its graduation to public markets reflects increased institutional interest in mature blockchain networks.
XRP Ledger Reaches Major Milestone
The debut of GXRP comes as the XRP Ledger (XRPL) surpasses 4 billion processed transactions, a testament to the network's durability and long-term operational reliability.
Since its launch in 2012, XRPL has positioned itself as a specialized blockchain designed for cross-border payments and high-throughput financial activity. Although not built for general-purpose smart contract execution, XRPL incorporates several powerful native features, including token issuance capabilities, a built-in decentralized exchange, and support for non-fungible tokens.
The Role of XRP in the Network
XRP serves as the native digital asset of the XRP Ledger and plays an essential role in maintaining the network's security and utility. It is required for all transaction fees on the ledger, ensuring spam resistance and predictable execution costs.
XRP acts as a highly liquid bridge asset, allowing seamless movement between fiat currencies and facilitating instant settlement for financial institutions and fintech platforms building on XRPL. Its function in real-time liquidity provisioning supports the ledger's vision of powering scalable global payments.
Amplify Launches XRP-Based Option Income ETF
Last week, Amplify ETFs introduced the first XRP-based option income exchange-traded fund, the Amplify XRP 3% Monthly Premium Income ETF (XRPM).
The new fund expands Amplify's YieldSmart family -- an options-focused ETF lineup designed to balance income generation with capital appreciation. XRPM offers exposure to XRP's price dynamics while pursuing high, recurring income through an actively managed covered call strategy.