Grayscale’s XRP Trust achieves 11.44% NAV growth amid rising institutional interest
Share link:In this post: Grayscale’s XRP Trust NAV has risen by over 11% from September 6. Grayscale officially announced the launch of the XRP Trust on September 12. Grayscale’s NEAR and Avalanche Trust Performance values, have dropped in the last 24 hours.
Grayscale’s XRP Trust net asset value is up 11.44% just a week since its official launch. On September 17, the trust reached a remarkable high of $11.77 NAV per share. Although there was a slight dip today, with the value adjusting to around $11.49, the overall trend remains positive as investors continue to show strong interest.
Grayscale’s XRP Trust sees impressive NAV per share performance
Grayscale formally announced the release of its XRP Trust on September 12. Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, remarked:
We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case. By facilitating cross-border payments that take just seconds to complete, XRP has the potential to transform the legacy financial infrastructure.
~ Rayhaneh Sharif-Askary
However, before the official company announcement , Grayscale’s XRP Trust performance stood at a low of $10.31 NAV per share on September 6 before rising to $10.81 on September 10 and $11.25 on September 12.
The trust’s net asset value performance continued to appreciate and finally hit a high of $11.77 NAV per share on Tuesday, which invited multiple commentaries and support. Crypto analyst CryptoMoses reported in an X post on the high NAV, saying it hinted at “strong momentum.” Another user on X said the surge was a ‘promising sign for investors, ’ highlighting heightened institutional interest.
As of September 18, Grayscale’s XRP Trust was at $11.49 NAV per share, a slight 2.38% drop from its high. However, this culminated in an 11.44% surge from its September 6th performance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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