Grayscale Investments has officially filed Amendment #2 for its Grayscale XRP Trust (GXRP), signaling a major step toward institutional access to XRP. This move, highlighted by BankXRP, positions XRP as one of the next digital assets ready for large-scale financial market integration — similar to Grayscale’s existing Bitcoin and Ethereum trusts.
Here are the key facts that are turning heads across the crypto industry:
Ticker: GXRP
Exchange: Listed on NYSE Arca
Custodian: Coinbase Custody — one of the most trusted institutional crypto custodians in the U.S.
Creation & Redemption: Cash-based system (no in-kind transfers yet)
Asset Backing: 100% backed by XRP
Market Data Source: CoinDesk XRP Index, ensuring transparent and verifiable valuation metrics
Market Cap Cited: Over $170 billion+ XRP market capitalization as of filing
The preliminary prospectus, dated November 3, 2025, suggests that Grayscale is preparing for an official listing and investor onboarding once regulatory clearance is complete. The Trust, structured in Delaware, will issue units representing fractional interests in XRP held by the fund, allowing institutional investors to gain regulated exposure to XRP without direct crypto custody.
This amendment filing could be a pivotal milestone for the XRP ecosystem. If approved, it would place XRP alongside Grayscale’s suite of institutional-grade crypto trusts, legitimizing XRP’s role as a mainstream digital asset for large investors, hedge funds, and corporate treasuries.
Grayscale’s decision to cite XRP’s $170B+ market capitalization underlines its growing dominance and liquidity depth. Institutional exposure through GXRP could further increase demand, trading volume, and market confidence, particularly as Ripple continues expanding payment corridors and partnerships worldwide.
With Coinbase Custody providing compliance and secure storage, and NYSE Arca enabling traditional market accessibility, GXRP could serve as the gateway for Wall Street into Ripple’s network utility token.
The message is clear: Institutional XRP exposure isn’t just coming—it’s nearly here.
Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.
