The Grayscale XRP Trust, which was relaunched one year ago, has experienced a remarkable surge in its value. According to recent data, the trust's net asset value (NAV) per share has skyrocketed by 414% over the past year, increasing from $10.85 to $55.79. This impressive performance follows the trust's reintroduction in September 2024, after it was initially dissolved in 2021 due to the ongoing legal case involving Ripple. The trust allows accredited investors to gain indirect exposure to XRP, and its growth reflects renewed investor confidence in the asset. Currently, Grayscale has issued approximately 301,500 shares, with each share representing about 19.5 XRP, bringing the trust’s assets under management (AUM) to $16.82 million.

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<h2>The Push for a Spot ETF</h2>
Despite the strong performance of the Grayscale<a href="https://www.cryptoknowmics.com/news/xrp-etf-approval-nears-100-market-veteran-reveals/"> XRP</a> Trust, the company is actively pursuing a long-term goal: converting the trust into a spot-based exchange-traded fund (ETF). This strategy mirrors Grayscale's successful efforts with its Bitcoin and Ethereum trusts, which have since been converted into ETFs, providing a more accessible investment vehicle for a broader range of investors. Grayscale has already filed an S-1 document with the SEC for the conversion of the XRP trust, with a final decision from the regulatory body expected by October 2025. A successful conversion would open up the XRP market to mainstream investors, potentially fueling further growth and institutional adoption.

Grayscale's XRP Trust Sees Significant Growth

Grayscale's XRP Trust sees its value jump by over 400% in a year, as the company pushes to convert it into a spot ETF.

Grayscale's XRP Trust Sees Significant Growth

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