Skip to main content

Grayscale Just Made Another XRP Move As ETFs Cross $2 Billion Milestone

Grayscale, one of the world’s largest digital asset-focused managers, has filed a new amendment to its Spot XRP ETF, updating specific details in the original document. Meanwhile, XRP ETFs have achieved a remarkable milestone, surpassing $2 billion in total volume, reflecting growing institutional demand and interest.

Grayscale Files New Amendment For Its XRP ETF

On Tuesday, January 20, Grayscale updated its Form 8-K filing for the Spot XRP ETF, highlighting new details it has included in the index calculation. The amendment, which was submitted to the US Securities and Exchange Commission (SEC), revealed changes to the digital asset trading platforms previously used to determine the Index Price for the Grayscale XRP Trust ETF, GXRP. 

The CoinDesk Indices, Inc., which provides the index, initially included Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, OKX, and Bitfinex for XRP-USD trading pairs in the original XRP Spot ETF filing. For XRP-USDC trading pairs, the index previously featured Bitstamp, Bullish, Bybit, Kraken, and OKX. 

Notably, the January 20 amendment has now added Binance, Gate, and Hashkey as new platforms for XRP trading pairs. These additions follow a routine monthly review where the platforms met the conditions and eligibility criteria for inclusion. At the same time, Bitfinex was removed from the index. Grayscale disclosed that the reason for the exclusion was due to Bitfinex’s failure to meet the Index Provider’s conditions for inclusion.

The asset manager’s move reflects its ongoing efforts to maintain a more accurate and reliable pricing for its XRP ETFs. Market analyst Xaif Crypto has stated that the new amendment improves NAV accuracy on NYSE Arca. He also noted that the removal of Bitfinex underscores Grayscale’s growing focus on higher-liquidity exchanges amid XRP’s growing institutional demand and adoption post SEC clarity. 

XRP ETFs Exceed $2 Billion In Trading Volume

As investors become more familiar with the newly added trading platforms in Grayscale’s XRP ETF pricing index, new reports have revealed a major increase in volume for these investment products. According to an X post by crypto enthusiast XRP Update, the total US Spot XRP ETFs have surpassed $2 billion in cumulative trading volume, marking a significant growth milestone. 

XRP Update revealed that since October 2025, XRP Spot ETFs have seen steady demand and increasing institutional participation, reflecting growing confidence in the cryptocurrency as an investment vehicle. The chart, which shows cumulative volume, illustrates slow but sustained growth, with XRP ETFs rising above $500 million, then exceeding $1 billion, and now sitting above $2 billion. 

XRP

XRP Update notes that capital is quietly and consistently rotating into XRP ETFs. Due to strong volume growth, the crypto enthusiast believes that continued institutional demand could ignite a bullish trend in XRP’s price. In addition to its rising trading volume, XRP ETFs have also recorded another day of positive inflows, adding approximately $9.16 million to total net assets. 

XRP

from Bitcoinist.com https://ift.tt/BNA8aDp
Labels:

Comments

Post a Comment

Popular posts from this blog

Dogecoin Sees 47% Spike In Active Addresses, Why Price Could Follow Suit

Dogecoin has witnessed a massive spike in its active addresses , providing a bullish outlook for the foremost meme coin. Based on this development, the DOGE price could also witness a bullish reversal soon enough as it reclaims key support levels.  Dogecoin Records 47% Spike In Active Addresses In an X post , crypto analyst Ali Martinez stated that Dogecoin’s network activity is picking up. This came as he revealed that active addresses have jumped 47% in the past month, rising from 110,000 to 163,000. This development is bullish as it indicates more users are using the network.  This could help spark a significant rally in the Dogecoin price, as a surge in active addresses indicates that DOGE’s utility is on the rise. Another onchain metric which paints a bullish picture for the meme coin and hints at a reversal is the increase in new addresses. In another X post, Martinez revealed that Dogecoin’s new addresses have doubled in the past month, climbing from 16,400 to 34,6...
Post a Comment
Read more

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...
Post a Comment
Read more

Bank of Russia Proposes Limited Crypto Trading for Select Investors

The Bank of Russia has put forward a new proposal that could mark a significant shift in the country’s approach to cryptocurrency regulation. Earlier today, the central bank announced that it has submitted a proposal to the Russian government to discuss allowing a limited group of investors to buy and sell cryptocurrencies such as Bitcoin. The proposal suggests implementing a three-year experimental regime where only qualified investors with at least $1.1 million in securities and deposits would be permitted to engage in crypto trading. This move is part of ongoing efforts to define Russia’s digital currency policies, which have historically shifted between strict regulations and cautious acceptance. Despite considering this controlled legalization for select investors, the Bank of Russia maintains its stance against using cryptocurrency as a payment method. The institution has also recommended introducing penalties for those who violate the terms of the experimental regime, rein...
Post a Comment
Read more