Grayscale Launches XRP Trust in the U.S., XRP Surges 8%

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MarsBit
09-12
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According to Mars Finance, cryptocurrency fund manager Grayscale is launching the XRP Trust. This closed-end fund will provide qualified investors with direct investment opportunities in XRP (XRP) . The trust functions similarly to Grayscale's other single-asset investment trusts and only invests in tokens that support the XRP ledger.

XRP surged 8% on the news.

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