XRP Trust by Grayscale Reopens, NAV per Share Rises to $11.49

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The Grayscale XRP Trust has officially reopened to private placements, marking a pivotal development for institutional interest in the XRP ecosystem. This strategic move underscores growing confidence in XRP’s long-term viability, particularly as a digital asset optimized for fast, low-cost international payments. With the net asset value (NAV) per share climbing to $11.49 as of September 18, 2025, the trust is demonstrating strong market momentum and renewed investor appetite.

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Growing Institutional Demand for XRP

On September 15, 2025, Grayscale announced via its official X account the reopening of private placements across 18 of its cryptocurrency investment funds. Among them are major digital assets like Avalanche (AVAX), Solana (SOL), Bitcoin Cash (BCH), and notably, the Grayscale XRP Trust. This relaunch signals a broader trend: traditional finance players are increasingly seeking compliant, structured ways to access the crypto market.

Grayscale’s investment model is designed specifically for accredited investors who prefer regulated financial instruments over direct crypto ownership. Instead of purchasing and storing XRP tokens themselves, investors can now buy shares in the trust priced at net asset value (NAV). This eliminates many of the custody and security concerns associated with holding digital assets directly, while still offering exposure to XRP’s price performance.

Currently, the XRP Trust and eight other Grayscale products remain in the private placement phase, meaning they are not publicly traded on exchanges. Investors must hold their shares for a minimum of one year—a requirement aligned with SEC regulations aimed at preventing speculative trading and ensuring investor commitment.

This structured approach makes the XRP Trust particularly appealing to pension funds, endowments, family offices, and other institutional entities that require regulatory clarity and operational simplicity when allocating capital to digital assets.

Strong Performance Metrics Signal Market Confidence

Recent performance data from the Grayscale XRP Trust reveals a clear upward trajectory. On September 6, the NAV per share hit a recent low of $10.31. Just 12 days later, on September 18, it surged to $11.49—an increase of over 11%. At its peak on September 17, the NAV reached $11.77 before settling slightly lower.

With each share representing approximately 19.98 XRP tokens, the trust currently manages an estimated $646.7 million in assets. This growth reflects not only rising demand but also tighter alignment between the trust’s valuation and the underlying spot price of XRP.

Market analysts point to this momentum as evidence of increasing institutional adoption. JackTheRippler, a well-known XRP market commentator, noted an 11.44% weekly gain in the trust’s value, attributing the surge to Grayscale’s reopening and broader optimism around XRP’s regulatory clarity following recent legal developments involving Ripple Labs.

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Why XRP Stands Out in the Digital Asset Space

XRP operates on the XRP Ledger (XRPL), a decentralized blockchain technology engineered for speed, scalability, and energy efficiency. Unlike proof-of-work blockchains, XRPL uses a consensus protocol that finalizes transactions in under four seconds with minimal environmental impact.

These technical advantages have made XRP a preferred solution for cross-border payments. Financial institutions and payment providers—including major banks and fintechs—have explored or adopted RippleNet, Ripple’s enterprise solution built on XRP Ledger, to streamline international transfers that are traditionally slow and costly.

Moreover, features like the Clawback mechanism recently introduced to XRPL enhance compliance and trust by allowing authorized issuers to recover mistakenly sent or fraudulent token transfers—making it even more attractive for regulated entities.

As global remittance demand continues to grow—projected to exceed $1 trillion annually by 2025—assets like XRP that offer real-world utility are gaining favor over purely speculative cryptocurrencies.

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Frequently Asked Questions (FAQ)

Q: What is the Grayscale XRP Trust?
A: The Grayscale XRP Trust is a financial vehicle that allows accredited investors to gain exposure to XRP without directly holding or managing the cryptocurrency. Shares are priced based on the net asset value (NAV) of the underlying XRP holdings.

Q: How is the NAV calculated for the XRP Trust?
A: The NAV per share is determined by dividing the total value of XRP held in the trust (minus fees and expenses) by the number of outstanding shares. It is updated regularly and publicly available on Grayscale’s official website.

Q: Can retail investors buy shares in the XRP Trust?
A: Currently, shares are only available through private placements to accredited investors. Retail access may become possible if a future XRP ETF is approved by regulators.

Q: Why did the NAV rise recently?
A: The rise in NAV reflects both an increase in the market price of XRP and heightened demand for institutional-grade investment products following Grayscale’s reopening of private placements.

Q: Is there a lock-up period for investors?
A: Yes, investors must hold their shares for at least one year to comply with regulatory requirements under Rule 144 of the Securities Act.

Q: Could this lead to an XRP ETF?
A: While not guaranteed, Grayscale’s expansion of its crypto trusts strengthens its position as a potential applicant for a spot XRP ETF, similar to its ongoing efforts with other digital assets.

Conclusion

The reopening of the Grayscale XRP Trust represents more than just a product relaunch—it's a significant step toward mainstream financial integration for XRP. With rising NAV, strong institutional interest, and continued innovation on the XRP Ledger, the ecosystem is positioning itself as a leader in utility-driven digital assets.

As regulatory frameworks evolve and investor demand grows, vehicles like the Grayscale XRP Trust will likely play a central role in bridging traditional finance with blockchain technology—offering secure, compliant pathways for capital allocation in the digital age.