Express

Grayscale Announced Liquidation And Dissolution Of Its XRP Trust

Mary Liu

Summary: Grayscale, the world’s largest digital currency asset manager just announced that it has decided to liquidate and dissolve its Grayscale XRP Trust. The announcement stated: "After deducting expenses and providing appropriate reserves and subject to any applicable withholding. The Trust will terminate following distribution of the net cash proceeds." Regarding the reasons, Grayscale explained: "In response ...

Grayscale, the world’s largest digital currency asset manager just announced that it has decided to liquidate and dissolve its Grayscale XRP Trust.

The announcement stated: "After deducting expenses and providing appropriate reserves and subject to any applicable withholding. The Trust will terminate following distribution of the net cash proceeds."

Regarding the reasons, Grayscale explained: "In response to the SEC’s action, certain significant market participants have announced measures, including the delisting of XRP from major digital asset trading platforms, resulting in the conclusion that it is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP into U.S. dollars, and therefore continue the Trust’s operations."

By Mary Liu

Last Update:

Tags: ,,,
Link: Grayscale Announced Liquidation And Dissolution Of Its XRP Trust   [Copy]
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 3 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 4 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 6 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 6 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 9 days ago
  • You need to login to comment.