TechFlame News — According to GlobeNewswire, Grayscale Investments announced today that the Grayscale XRP Spot ETF (Ticker: GXRP) has commenced trading as an ETP on NYSE Arca.
Grayscale further stated that GXRP is an ETF that is not registered under the Investment Company Act of 1940 ("40 Act") and therefore does not offer the same regulatory protections as ETFs and mutual funds registered under the 40 Act. Investing in GXRP involves significant risks, including the potential loss of principal. While GXRP holds XRP, investing in GXRP does not constitute a direct investment in XRP.