Crypto Blog
Grayscale Investments has announced the latest product in its portfolio of over 20 crypto investment vehicles and it will track the performance of Ripple’s native token – XRP.from Grayscale described XRP’s token as the asset “powering the XRP Ledger , a distributed peer-to-peer network created to facilitate cross-border financial transactions.”
Grayscale, founded over a decade ago, already has two of its products converted into spot exchange-traded funds. Namely, those are the former private Trusts tracking Bitcoin and Ethereum. However, both have seen a massive exodus of capital after their conversion in January and July, respectively.
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