Grayscale Drops XRP From Large Cap Crypto Fund Following Ripple SEC Suit
Grayscale announced it ditched XRP on Dec. 31. Additionally, the firm's XRP Trust stopped accepting new subscriptions on Dec. 23.
Grayscale
Grayscale's popular bitcoin trust once again led the pack with over $200 million in inflows every week.
Cash proceeds from the Trust’s liquidated XRP will be distributed to Trust shareholders, Grayscale said.
Trusts for chainlink, basic attention token, decentraland, livepeer and tezos were all recently registered in Delaware.
An ETF could draw institutional money from the Grayscale Bitcoin Trust, a support for the price of the cryptocurrency, the report said.
Michael Sonnenshein said institutions are also making larger allocations to its crypto products.
Grayscale
