The post Grayscale Officially Confirms Launch of XRP Trust, Shows XRP Leading Bitcoin in This Metric appeared on BitcoinEthereumNews.com.

Leading asset manager Grayscale Investments confirms the relaunch of its XRP Trust, sharing charts of XRP ranking as the best performer among the top 10 biggest cryptocurrencies by market cap.  Grayscale confirmed the development in a tweet yesterday, emphasizing that its XRP Trust is now open for accredited investors seeking direct exposure to XRP. Although Grayscale relaunched the XRP Trust last week, it has continuously notified its clients about the product.  Notably, Grayscale attached a link to the XRP Trust, encouraging investors to learn more about the product and review critical disclosures.  XRP Trust NAV Soars 3.05% in 24 Hours Interestingly, the XRP Trust has witnessed an impressive performance since its relaunch. Its net asset value (NAV) is $11.79 per share, marking an increase of 14.35% since launch.  This represents a surge of 3.05% from the NAV of $11.44 registered on September 18. The notable spike in the XRP Trust NAV reflects growing interest in XRP among institutional investors. XRP Leads Avalanche, Bitcoin, and Ethereum as Best-Performing Crypto  Meanwhile, this interest has also contributed to the remarkable rise in XRP price, which currently stands at $0.5863. Grayscale Investments recently spotlighted XRP’s remarkable performance in its weekly overview of the best-performing cryptos among the top 10 largest assets by market cap.   The snapshot, taken on September 18, showed that XRP ranked as the best performer over the past week. Per the data, XRP registered a one-week gain of 9.6%, outperforming other assets like Avalanche (AVAX), Bitcoin (BTC), Binance Coin (BNB), and Toncoin (TON), which rose 8.4%, 8.1%, 5.7%, and 5.2% in the same timeframe, respectively.  These assets are closely followed by Dogecoin (DOGE), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX). They saw weekly returns of 3.9%, 1.9%, 1.8%, -1.5%, and -2.2%, respectively.  📸 Grayscale Crypto Snapshot – AssetsOur weekly…

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Filed under: News - @ September 20, 2024 8:18 am