Express
Grayscale Did Not Liquidate A Large Number Of XRP And XLM, Spokesperson Says
Summary: Data from Bybt showed that Grayscale liquidated a large amount of XRP and XLM on Dec 29, which triggered many crypto media reports. However, one spokesperson from Grayscale told Cointelegraph that the company did not implement a redemption plan for any investment products. The net holdings of investment products are only due to changes in ...
Data from Bybt showed that Grayscale liquidated a large amount of XRP and XLM on Dec 29, which triggered many crypto media reports. However, one spokesperson from Grayscale told Cointelegraph that the company did not implement a redemption plan for any investment products. The net holdings of investment products are only due to changes in private equity inflows, related asset prices, and accrued management fees. The spokesperson said: "Statements about large sales of underlying assets by any of our investment products are false and inaccurate. Any perceived large decrease in the USD value of Grayscale XRP Trust would have been a result of a decrease in the USD price of XRP."
As of press time, Bybt did not change the data of Grayscale, and the platform has not made an official response yet.
Tags: Grayscale,USD,XLM,XRP
Link: Grayscale Did Not Liquidate A Large Number Of XRP And XLM, Spokesperson Says [Copy]
