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CryptoMediumUpdated×2•Originally published 6 October 2026•Updated 7 October 2026•
1 min read

Grayscale Enables Direct XRP In-Kind Creations and Redemptions for ETF

Key Facts

1Grayscale has enabled eligible institutional participants to use XRP directly for share creation and redemption orders.
2Coinbase Custody remains the primary custodian for the fund, with Anchorage Digital Bank added as an additional custodian.

Grayscale has enabled eligible institutional participants to use XRP directly for share creation and redemption orders. TokenPost reported that this update allows institutions to swap the underlying asset directly for ETF shares, aiming to improve operational efficiency and institutional appeal.

Coinbase Custody remains the primary custodian for the fund, with Anchorage Digital Bank added as an additional custodian to provide further custody options. In equity markets, COIN closed at $188.22 on October 5, 2026, having traded between a low of $184.12 and a high of $191.78 during that session.

Latest Updates · 2

  1. Notable·

    Update: XRP ETFs saw divergent fund flows on October 6, 2026. Franklin's fund recorded an outflow of $4.07 million, while Bitwise led the inflows with a total of $10.55 million.

  2. Notable·

    Update: XRP spot ETFs recorded 12 consecutive weeks of inflows as of October 6, 2026. The Bitwise XRP ETF alone attracted $10.55 million in net inflows on that day, highlighting sustained institutional momentum for the asset class.