Grayscale XRP ETF Expands with In-Kind Transactions and New Custodian
Grayscale XRP ETF Adds In-Kind Transactions and New Custodian
Grayscale’s XRP exchange-traded fund has been updated to include in-kind transactions and a new custodian, according to the information provided.
In-kind transactions allow ETF shares to be created or redeemed using the underlying asset—in this case, XRP—rather than relying exclusively on cash. This structure can affect how the fund manages subscriptions and redemptions and may reduce the need to buy or sell assets during those transactions.
The addition of a new custodian also changes an important part of the fund’s operating framework. A custodian is responsible for safeguarding the ETF’s underlying assets and supporting related administrative processes.
The changes are significant because transaction mechanics and custody arrangements are central to how a crypto ETF operates. However, the available information does not specify the identity of the new custodian, the effective date of the changes, or whether they reflect a regulatory approval or a proposed structure.
