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.