Grayscale XRP Trust NAV Explodes: 400%+ Surge in Just One Year

Grayscale's XRP Trust just posted numbers that would make traditional finance blush—a NAV skyrocketing over 400% in twelve months.

Behind the Numbers

While Wall Street funds chase single-digit returns, this crypto-focused vehicle quietly quadrupled investor value. The trust’s structure lets institutions gain XRP exposure without direct custody headaches—bypassing regulatory friction and technical barriers.

Market Implications

XRP’s performance here signals institutional appetite isn’t cooling—it’s accelerating. Even as skeptics dismiss crypto as speculative, products like this keep attracting capital that’s tired of vintage 1% yields. Because nothing says 'disruption' like making traditional finance look downright archaic.

Of course, the suits will call it volatility—we call it momentum.

Grayscale XRP Trust performanceGrayscale XRP Trust performance Spot ETF Move  Despite the remarkable performance of the XRP Trust, Grayscale is pushing to convert the product into a spot-based exchange-traded fund (ETF). In January, it filed an S-1 document with the SEC to facilitate this conversion.  This comes several months after Grayscale successfully converted its Bitcoin and ethereum Trusts into spot ETFs. Now, the company is attempting to do the same for XRP, with shares of the ETF expected to launch on the Nasdaq once approved.  However, the SEC has delayed its decision on its potential approval. Recently, Grayscale updated its application to allow authorized participants to redeem and create the ETF shares in XRP, cash, or in-kind.  In the meantime, the SEC has a final deadline of October 2025 to decide whether to approve or disapprove Grayscale’s request to convert the XRP Trust into a spot ETF.