- Growth in Grayscale's XRP Fund NAV
- Ongoing Interest in XRP
- Remarkable Performance of Grayscale SUI Fund
Grayscale's XRP Fund has shown significant growth, highlighting the increasing interest of institutional investors in the XRP cryptocurrency.
Growth in Grayscale's XRP Fund NAV
Since its launch, Grayscale's XRP Fund NAV has achieved a growth of 11.44%. As of September 17, 2024, the fund's NAV per share reached $11.77. Despite a slight dip to $11.49 by the end of trading on September 18, the overall growth trend remains strong. This growth signifies increasing interest from institutional investors.
Ongoing Interest in XRP
Grayscale's decision to reopen private placement offerings for XRP and other cryptocurrency funds is expected to further boost institutional investment. Accredited investors can now subscribe to shares of 18 key cryptocurrency funds, including the XRP fund.
Remarkable Performance of Grayscale SUI Fund
Grayscale's SUI Fund has also shown significant growth. NAV per share increased by 7.85% over the past 24 hours, while XRP's fund experienced a 2.38% decrease during the same period. This could be attributed to a brief dip in XRP's value to around $0.56 before recovering to $0.585. Meanwhile, SUI's market price increased by over 13%.
The success of Grayscale's XRP Fund and other cryptocurrency funds confirms the growing interest of institutional investors in these assets, despite short-term price fluctuations.
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