Grayscale launches XRP closed-end fund, sending XRP token higher

Sep. 12, 2024 10:03 AM ETRipple USD (XRP-USD) CryptoBy: Max Gottlich, SA News Editor3 Comments
Ripple XRP crypto currency theme concept. Ripple coin or XRP icon on modern circuit board background

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Cryptocurrency asset management firm Grayscale Investments is launching a new closed-end fund in the U.S. that solely invests in the XRP (XRP-USD) token, it said on Thursday, sending XRP 7.3% higher in morning trading.

The trust gives accredited investors the opportunity to

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