Grayscale enables in-kind XRP creations and redemptions for its GXRP ETF
- —GXRP on NYSE Arca now supports in-kind creations and redemptions in XRP
- —Anchorage Digital Bank added as second custodian; Coinbase Custody stays primary
- —Agreements signed Sept. 29, changes disclosed in Oct. 5 prospectus supplement
- —Macquarie Capital (USA) and Virtu Americas among firms with amended agreements
Why it matters: In-kind settlement cuts costs and friction for institutions, potentially boosting inflows into XRP ETFs and demand for XRP itself.
Source: The Crypto Basic