The Grayscale XRP Trust ETF (Ticker: GXRP) is a specialized financial product designed to provide investors with a strategic approach to cryptocurrency exposure. Focusing on a unique pairing strategy, this ETF is tailored for those interested in a long position on XRP while simultaneously taking a short position on USD. As part of the "In Specie" niche, GXRP allows investors to gain indirect exposure to the daily USD spot price of XRP without directly purchasing the digital asset itself. This passively managed fund offers a sophisticated investment vehicle for those looking to capitalize on the dynamics between XRP and USD, ideal for investors seeking a nuanced approach to cryptocurrency investments within a traditional market framework.
Grayscale XRP Trust ETF (GXRP) Fund Flow Chart
Grayscale XRP Trust ETF (GXRP) 1 year Net Flows: 263M