Core Insights - Grayscale Investments has launched the Grayscale XRP Trust ETF (GXRP) on NYSE Arca, structured as an exchange-traded product rather than a traditional ETF, which means it does not have the same regulatory protections [1] - The launch of GXRP is seen as a significant step for investors looking for easier access to XRP, aiming to provide efficient tracking and exposure to the asset while broadening investor access to the XRP ecosystem [2] - The introduction of GXRP coincides with the XRP Ledger surpassing 4 billion processed transactions, highlighting its operational reliability and durability [3] Company Developments - Grayscale's GXRP was initially launched as a private placement in September 2024, and its transition to public markets indicates growing institutional interest in established blockchain networks [2] - Amplify ETFs has also launched the Amplify XRP 3% Monthly Premium Income ETF (XRPM), which is the first XRP-based option income ETF, designed to balance income generation with capital appreciation [7] Industry Context - The XRP Ledger (XRPL) has been operational since 2012, focusing on cross-border payments and high-throughput financial activities, featuring capabilities like token issuance and a decentralized exchange [4] - XRP, as the native digital asset of XRPL, is crucial for transaction fees, ensuring network security and utility, and acts as a bridge asset for seamless currency movement [5][6]

Amplify ETFs has introduced the first XRP-based option income exchange-traded fund, the Amplify XRP 3% Monthly Premium Income ETF (XRPM). The new fund expands Amplify’s YieldSmart family—an options-focused ETF lineup designed to balance income generation with capital appreciation. XRPM offers exposure to XRP’s price dynamics while pursuing high, recurring income through an actively managed covered call strategy. The ETF seeks to generate a target 36% annualized option premium—equivalent to approximately ...