Grayscale has introduced the XRP Trust ETF (GXRP), an exchange-traded product that is not registered under the Investment Company Act of 1940. As a result, it does not adhere to the same regulations and protections as registered ETFs and mutual funds. The fund is marketed by Foreside Fund Services, LLC. Investors are cautioned about the high degree of risk and volatility associated with GXRP, including the potential for total loss of investment. The fund does not represent a direct investment in XRP. Grayscale, the largest crypto-focused asset manager by AUM as of December 31, 2025, advises potential investors to thoroughly review the prospectus before investing.