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Grayscale’s XRP Trust Sees 11.44% NAV Growth, Signaling Rising Institutional Interest

  • Grayscale's XRP Trust saw 11.44% NAV growth, indicating rising institutional demand for XRP.
  • The reintroduction of the XRP Trust may lead to the development of an XRP ETF, similar to Grayscale's Bitcoin Trust.
  • Grayscale reopened private placements for 18 cryptocurrency trusts, including the XRP Trust, catering to accredited investors.
  • The positive growth of the Grayscale XRP Trust's NAV per share and XRP's price rally suggest sustained institutional interest.

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