Grayscale launched its XRP Trust last week, and its net asset value has shown significant growth in its first week.
Growth of Grayscale's XRP Trust NAV
Following the official announcement of the XRP Trust launch on September 12, 2023, the NAV of this trust has increased significantly. As of September 17, 2023, the NAV reached $11.77 per share, which is 11.44% higher compared to the initial $10.31 per share on September 6, 2023. The current trust value stands at $11.49 per share, slightly below the previous peak.
Comparison with other Grayscale Trusts
While XRP Trust shows strong performance, other trusts like NEAR and Avalanche exhibit declines in their asset values. NEAR Trust fell by 0.97%, while Avalanche Trust recorded a 1.68% drop in the last 24 hours. However, the SUI Trust shows an 8% increase over the same period.
The initial launch of Grayscale's XRP Trust has yielded a significant NAV increase within its first week. However, the results of other trusts remain mixed, highlighting the diverse outcomes within current market conditions.
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