GXRP Grayscale XRP Trust

Spot XRP ETF · by Grayscale · XRP ETF flows · fee 0.35%

GXRP reported no net flow on Fri 30 Oct. All XRP ETFs: +$0.2M.

Share price$23.59−1.09% · −$0.26last trade Fri 30 Oct 22:45 UTC

Net flow, last day0Fri 30 Oct · T+1

Cumulative net flow+$145.4Msince 24 Nov 2025

Avg entry vs close−31.3%avg entry $1.826 · XRP $1.255

Net assets$81.7M

Day volume103Kshares, last session

Clients' P&L in GXRP

At a loss

On average, GXRP clients bought XRP at $1.826. At the 30 Oct 2026 close of $1.255 they are at a loss: −$35.0M (−31.3%) on paper.

Unrealised P&L−$35.0M−31.3%avg entry $1.826XRP close $1.255

Avg entry · break-even: $1.826
XRP close: $1.255
Invested: $111.9M
Current value: $76.9M
XRP in the fund: 61,280,524

Avg entry vs XRP price

Daily · US$ · as of 30 Oct 2026

XRP priceAvg entryClients in profitUnder water

$1$1.5$2

$1.255$1.826Nov 25Feb 26May 26Aug 26Oct 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 15 of 341 days

ETF cost basis

GXRP price and net flow

Daily close · price history since 8 Jun 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +10.1% over the period

Fund facts

Price · 1D / 7D / 30D: $23.59 −1.09% / −6.43% / −18.23%
Day volume: 103K shares
Expense ratio: 0.35% What 0.35% costs per year
Launched: 24 Nov 2025
13F holders: 20 · Jun 30, 2026
Price history since: 8 Jun 2026

Price RangeNow $23.59 (36% of range)

all-time low $19.24Average price $24.47all-time high $31.49

Staking

Staking in all crypto ETFs

XRP cannot be staked, so GXRP holds coins without staking rewards.

Coins held: 65,434,121 XRPestimated
Share of ETF coins: 5.7%
Issuer's fee revenue: $285.9K a year$783 a day at current assets

GXRP net flow by day

Last 20 trading days, US$ m · share = GXRP’s part of all XRP ETF flow when both move the same way

Date	Share of XRP ETFs	All XRP ETFs	Close
Fri 30 Oct	—	+$0.2M	$23.59
Thu 29 Oct	—	+$8.4M	$23.85
Mon 26 Oct	—	−$3.6M	$24.98
Thu 22 Oct	—	+$3.5M	$25.20
Wed 21 Oct	—	+$0.7M	$26.93
Fri 16 Oct	—	−$2.5M	$25.09
Thu 15 Oct	—	−$0.1M	$25.97
Wed 14 Oct	—	+$0.7M	$25.57
Thu 8 Oct	—	+$8.2M	$26.63
Tue 6 Oct	—	+$3.1M	$29.08
Fri 2 Oct	—	−$3.3M	$28.82
Thu 1 Oct	—	+$4.1M	$29.11
Tue 29 Sep	—	−$0.2M	$28.99
Mon 28 Sep	—	+$4.1M	$28.99
Fri 25 Sep	—	+$22.6M	$30.50
Thu 24 Sep	—	+$14.9M	$29.59
Wed 23 Sep	—	+$18.0M	$29.28
Tue 22 Sep	—	+$20.0M	$30.65
Fri 18 Sep	—	0	$27.25
Thu 17 Sep	—	−$5.0M	$25.03

Streaks and records

descriptive, not a signal

Largest inflow, all time: +$67.4M · 24 Nov 2025
Largest outflow, all time: −$98.4M · 29 Jan 2026
Inflow days in 2026: 25 of 208
Best month: +$174.0M · Dec 2025
Worst month: −$109.7M · Jan 2026

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 90 trading days	+$4.7M1 Sep 2026	—
Last 12 months	+$67.4M24 Nov 2025	−$98.4M29 Jan 2026

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: GXRP moved against the market, or more than the market totalAll days on XRP ETF flows ›

Who holds GXRP: institutional holders from 13F

20 institutions reported holding GXRP on June 30, 2026, with $24.2M at quarter-end prices (1.2M shares). The largest holder was Intesa Sanpaolo (bank & broker) with $14.4M; the top 10 held 99% of the reported value. By value, banks and brokers held 91.4% and market makers 3.8%.

13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?

Institutions holding20+2 vs Q1 26

Reported value$24.2Mat Jun 30 prices

Shares reported1.2M≈42% of the fund

Net change in shares+0.37M+44.9% vs Q1 26 · +$7.5M at Jun 30 prices

GXRP holders by type

Holder mix by value · our classificationshare of the $24.2M

Bank & broker 91.4%
Market maker 3.8%
Hedge fund 3.6%
Wealth adviser 1.1%
Other managers 0.1%

Top 10 GXRP holders on Jun 30, 2026

Top 10 GXRP holders on Jun 30, 2026
#	Holder	Type · our classification	Value	Shares	Change in shares, q/q	Holding since
1	Intesa SanpaoloTurin · Bank & broker	Bank & broker	$14.4M	712K	unchanged	Q1 26
2	Goldman SachsNew York · Bank & broker	Bank & broker	$7.6M	378K	+0.38M new	Q2 26 · re-entered
3	Millennium ManagementNew York · Hedge fund	Hedge fund	$900K	43K	unchanged	Q1 26
4	Jane StreetNew York · Market maker	Market maker	$900K	46K	+36K +372%	Q1 26
5	Inspirion Wealth AdvisorsLibertyville · Wealth adviser	Wealth adviser	$200K	10K	−2K −17%	Q1 26
6	Plante Moran Financial AdvisorsSouthfield · Wealth adviser	Wealth adviser	$0	1K	unchanged	Q1 26
7	Simplex TradingChicago · Market maker	Market maker	$0	0	unchanged	Q2 26 · re-entered
8	JFS Wealth AdvisorsHermitage · Wealth adviser	Wealth adviser	$0	1K	+1K new	Q2 26
9	UBSZurich · Bank & broker	Bank & broker	$0	1K	+1K +272%	Q1 26
10	TrustManhattan · Other managers	Other managers	$0	0	unchanged	Q2 26

Top 10 of 20 · sorted by value · type is our classificationAll 20 GXRP holders

Institutions in XRP ETFs ›Institutional holders of all crypto ETFs ›

Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.

Other spot XRP ETFs

GXRP is one of several US-listed spot XRP ETFs. Compare it with the other funds tracking XRP:

All 5 on XRP ETF flows ›

Fund	Issuer	Flow · Fri 30 Oct	Cumulative	Fee	Price	1D
XRPBitwise XRP ETF	Bitwise	−$0.7M	+$681.9M	0.34%	$14.02	+2.03%
XRPZFranklin XRP ETF	Franklin Templeton	0	+$524.3M	0.19%	$13.64	−0.47%
XRPCCanary XRP ETF	Canary Capital	+$0.9M	+$485.4M	0.50%	$13.08	+0.01%
GXRPGrayscale XRP Trustthis fund	Grayscale	0	+$145.4M	0.35%	$23.59	−1.09%
TOXR21Shares XRP ETF	21Shares	0	−$21.2M	0.30%	$12.45	−4.01%

Grayscale at the SEC

GXRP went from first filing to trading in 94 days. Grayscale has 13 crypto ETFs trading, 4 waiting, 4 withdrawn.

All Grayscale filings ›

GXRP’s path to listing

First filing22 Aug 2025
2 amendments
Effective16 Apr 2026
Trading on NYSE24 Nov 2025

94 days at the SEC

Filing history

Other Grayscale filings waiting
Waiting fund	Stage	Last document	At the SEC
Grayscale BNB ETFBNB	Amending	3 Jun 2026	281 days
Grayscale Aave Trust (AAVE)Aave	Amending	12 May 2026	260 days
Grayscale Canton ETFCanton	Filed	5 Jun 2026	148 days
Grayscale Worldcoin ETFWorldcoin	Filed	20 Jul 2026	103 days

Open the filings tracker

About Grayscale XRP Trust (GXRP)

What the data says

GXRP is a converted trust: Grayscale ran it as a trust from at least 2024 before it listed as an ETF on 24 Nov 2025. Counting from the listing day, it has gathered $145.4M of net inflow, 4th of 5 XRP ETFs. Our flow record starts on the listing day: coins the trust already held are not counted as inflow. Grayscale reports net assets of $81.7M, 6% of the XRP ETF total and the 5th largest of 5 by size.

On most trading days nothing moves: GXRP had no creations or redemptions on 124 of 175 days in our record since 24 Nov 2025. The largest day with money coming in was $67.4M on 24 Nov 2025. Its best calendar month was Dec 2025 ($174.0M in); its worst, Jan 2026 ($109.7M out).

In the last 30 trading days to 30 Oct 2026 it took in $7.7M, 3rd of 5 XRP ETFs over that stretch; the whole XRP group took in $146.6M.

At 0.35%, GXRP costs more than the median XRP ETF (0.34%) and ranks 4th of 5 from the cheapest. On $10,000 that is $35 a year; at 0.19%, XRPZ costs $19.

Holders of GXRP are behind: their average entry of $1.826 sits above the 30 Oct 2026 close of $1.255, a paper loss of −31.3% (−$35.0M), 4th of 5 XRP ETFs by result.

Figures as of 30 Oct 2026 (flows, T+1); holders' average entry at the 30 Oct 2026 close. Not investment advice.

GXRP ETF — FAQ

When did GXRP start trading?

GXRP began trading as an ETF on 24 Nov 2025, 340 days before our latest data. Before that it existed as a Grayscale trust from at least 2024.

Is GXRP cheaper than other XRP ETFs?

No. GXRP charges 0.35% a year. Across 5 XRP ETFs the fee runs from 0.19% to 0.50%, with a median of 0.34%; GXRP is 4th from the cheapest.

How much has flowed into GXRP since launch?

Net inflow of $145.4M from 24 Nov 2025 to 30 Oct 2026, 4th of 5 XRP ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are GXRP holders in profit?

No, on paper they are at a loss. Our estimate of their average entry is $1.826 per XRP; the 30 Oct 2026 close was $1.255, a result of −31.3% (−$35.0M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for GXRP?

The largest net inflow was $67.4M on 24 Nov 2025. The largest net outflow was $98.4M on 29 Jan 2026. Counted over 175 trading days through 30 Oct 2026.

Was GXRP a trust before it became an ETF?

Yes. GXRP existed as a Grayscale trust from at least 2024 before it listed as an ETF on 24 Nov 2025. Flows on this page start at the listing: coins the trust held before that are not counted as inflow.

Who owns the most GXRP?

Grayscale issues GXRP; the shares are owned by investors. Among institutions filing Form 13F, the largest GXRP holder on June 30, 2026 was Intesa Sanpaolo with 712K shares worth $14.4M, followed by Goldman Sachs ($7.6M) and Millennium Management ($900K). In total 20 institutions reported GXRP, worth $24.2M.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.