CandleFocus XRP Price Skyrockets 7% as Grayscale Launches Dedicated Ripple Trust
2024-09-12
Author: Content Editor
Grayscale Investments has added Ripple's native token, XRP, to its portfolio of crypto investment products. Accredited investors can now subscribe daily to Grayscale XRP Trust. The trust aims to provide exposure to XRP's use case of facilitating cross-border financial transactions in seconds, potentially transforming traditional financial infrastructure. Grayscale's previous conversions of Bitcoin and Ethereum trusts into exchange-traded funds experienced significant capital outflows. Following the announcement, XRP's price increased by more than 6% in an hour, reaching around $0.57.
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