Grayscale’s Strategic Enhancements to Its Spot XRP ETF
In a significant move within the digital asset management arena, Grayscale, a preeminent figure in cryptocurrency investments, has made notable amendments to its Spot XRP ETF. This revision underscores Grayscale’s commitment to aligning with the evolving market dynamics and institutional investor interests. Concurrently, XRP ETFs have achieved a substantial market milestone, reflecting a growing institutional appetite and marked interest in the sector.
Grayscale’s Recent Amendment to the Spot XRP ETF
On January 20th, Grayscale submitted an update to its Form 8-K with the US Securities and Exchange Commission (SEC), showcasing new modifications in the index calculation for its Spot XRP ETF. This amendment highlights alterations to the digital asset trading platforms utilized for the Index Price determining the Grayscale XRP Trust ETF, GXRP.
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The initial filing incorporated trading pairs from platforms such as Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, OKX, and Bitfinex for XRP-USD. For XRP-USDC trading pairs, the index listed Bitstamp, Bullish, Bybit, Kraken, and OKX. However, the latest amendment introduces Binance, Gate, and Hashkey while removing Bitfinex due to its inability to meet the Index Provider’s criteria.
This strategic adjustment by Grayscale aims to refine pricing accuracy and reliability for its XRP ETFs. According to market analyst Xaif Crypto, this amendment enhances NAV precision on NYSE Arca. The exclusion of Bitfinex signals Grayscale’s focus on high-liquidity exchanges as XRP garners increased institutional interest following regulatory clarity.
XRP ETFs Achieve a New Trading Volume Benchmark
As Grayscale’s XRP ETF pricing index incorporates new trading platforms, the market has witnessed a notable surge in trading volume for these financial products. Reports indicate that US Spot XRP ETFs have now surpassed a cumulative trading volume of $2 billion, marking a pivotal growth achievement.
Since October 2025, XRP Spot ETFs have attracted steady demand with rising institutional engagement, signaling confidence in XRP as a viable investment vehicle. The growth trajectory, as depicted in a chart by crypto enthusiast XRP Update, shows a progression from $500 million to over $1 billion, finally breaching the $2 billion mark.
According to XRP Update, this consistent capital influx into XRP ETFs could potentially fuel a bullish trend in XRP’s market price. Alongside this volume growth, XRP ETFs have recorded additional positive inflows, augmenting total net assets by approximately $9.16 million.
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