In a significant development for the digital asset space, Grayscale has officially reopened its XRP Trust, reigniting investor interest in one of the most widely used cryptocurrencies for cross-border payments. The move signals a renewed push toward institutional adoption and brings fresh momentum to the XRP ecosystem. With the net asset value (NAV) per share surging to $11.49—up from $10.31 just over a week prior—the trust is demonstrating strong early performance and market confidence.
This relaunch positions Grayscale to potentially lay the groundwork for a future XRP exchange-traded fund (ETF), further expanding access for accredited investors seeking exposure to $XRP without directly managing digital assets.
Institutional Interest in XRP Grows
On September 15, 2025, Grayscale announced via its official X (formerly Twitter) account the reopening of private placements across 18 of its cryptocurrency trusts. Among them are major digital assets such as Avalanche (AVAX), NEAR Protocol, Bitcoin Cash (BCH), Solana (SOL), and now, the Grayscale XRP Trust.
The reintroduction of the XRP Trust underscores growing institutional demand for compliant, traditional finance-compatible vehicles to invest in crypto. Unlike direct crypto ownership, which involves wallet management and security concerns, Grayscale’s model allows accredited investors to buy shares at NAV—offering a familiar structure akin to traditional securities.
Currently, the XRP Trust and eight other products remain in private placement phase, with a mandatory one-year holding period required by regulatory frameworks. This ensures compliance while allowing early adopters to position themselves ahead of potential future liquidity events.
How the XRP Trust Works
Grayscale’s investment vehicle operates by holding actual XRP tokens on the XRP Ledger, with each share representing approximately 19.98 XRP. As of September 18, 2025, the trust manages an estimated $646.7 million in assets, reflecting both the scale of interest and the underlying value of the holdings.
Investors benefit from professional custody and reporting standards, reducing operational complexity. Because the trust trades over-the-counter (OTC) and not on public exchanges during this phase, pricing is based directly on the underlying net asset value rather than market speculation—a key differentiator that appeals to conservative institutional players.
While the current structure limits participation to accredited investors, it serves as a critical bridge between traditional finance and decentralized technologies, paving the way for broader adoption down the line.
Strong Performance Momentum
The performance of the Grayscale XRP Trust has been notably positive since reopening. According to publicly available data, the NAV per share climbed from $10.31 on September 6 to $11.49 by September 18—a gain of over 11.44% in just 12 days.
At its peak on September 17, the NAV reached $11.77 before settling slightly lower, indicating some short-term volatility but overall upward trajectory. Analysts like JackTheRippler have highlighted this surge as evidence of renewed institutional appetite, particularly following Grayscale’s broader relaunch of multiple crypto trusts.
Meanwhile, the live price of XRP stands at $0.589725, with a 24-hour trading volume exceeding $1.3 billion. The token has seen a modest 0.81% increase over the past day, suggesting that market sentiment remains cautiously optimistic amid macroeconomic uncertainties.
Why This Matters for the Crypto Market
Grayscale’s decision to reinstate the XRP Trust sends a powerful signal: despite past regulatory headwinds, major financial institutions continue to recognize the utility and long-term potential of digital assets like XRP.
XRP has long been praised for its efficiency in facilitating fast, low-cost international payments—a use case increasingly relevant in today’s globalized economy. With partnerships spanning banks, payment providers, and fintech platforms worldwide, the XRP Ledger continues to evolve as a trusted infrastructure layer for value transfer.
By offering a regulated investment pathway through its trust product, Grayscale enhances legitimacy and accessibility—two critical factors in attracting pension funds, family offices, and asset managers who require compliance and transparency.
👉 Learn how regulated crypto investment products are reshaping institutional portfolios in 2025.
Frequently Asked Questions (FAQ)
Q: Who can invest in the Grayscale XRP Trust?
A: Only accredited investors are eligible to participate in the private placement phase of the Grayscale XRP Trust. These typically include individuals with high net worth or institutional entities meeting specific income or asset thresholds.
Q: What is net asset value (NAV), and why does it matter?
A: NAV represents the total value of all XRP held by the trust divided by the number of outstanding shares. It provides a transparent benchmark for pricing and helps prevent premium/discount distortions common in publicly traded crypto funds.
Q: Is the Grayscale XRP Trust a cryptocurrency ETF?
A: No, not yet. The current structure is a private placement trust available only to accredited investors. However, Grayscale’s history with Bitcoin and Ethereum suggests they may pursue an ETF conversion if regulatory conditions allow.
Q: How much XRP does one share represent?
A: Each share of the Grayscale XRP Trust represents approximately 19.98 XRP, based on the latest filings and asset allocation updates.
Q: Can I sell my shares anytime?
A: No. Investors must hold their shares for at least one year due to regulatory requirements before any transfer or sale is permitted.
Q: What impact could this have on XRP’s price?
A: While direct causation is hard to measure, increased institutional inflows via regulated vehicles like Grayscale’s trust tend to boost market confidence and can contribute to sustained price appreciation over time.
Looking Ahead: Path to an XRP ETF?
While no formal application for an XRP ETF has been filed yet, Grayscale’s strategic relaunch of the trust mirrors its earlier moves with Bitcoin and Ethereum—both of which eventually led to successful spot ETF approvals.
If regulatory clarity improves and market stability continues, a spot XRP ETF could become a realistic possibility in the coming years. For now, the reopened trust serves as a vital stepping stone, enabling compliant exposure while building a track record of transparency and performance.
👉 Explore how next-generation crypto investment vehicles are unlocking new opportunities in 2025.
Final Thoughts
The revival of Grayscale’s XRP Trust marks a pivotal moment for both institutional crypto adoption and the broader recognition of XRP’s utility in modern finance. With NAV surging and investor interest rekindled, the stage is set for deeper integration between digital assets and traditional financial systems.
As regulatory landscapes evolve and infrastructure strengthens, products like this will play an essential role in shaping the future of asset management—bridging innovation with compliance, and accessibility with security.
Core Keywords: Grayscale XRP Trust, XRP investment, net asset value (NAV), accredited investors, cryptocurrency trusts, institutional adoption, XRP Ledger, digital asset investment