Grayscale CEO Peter Mintzberg has filed a Form 144 with the U.S. Securities and Exchange Commission to sell 2,611 shares of the Grayscale XRP Trust ETF, trading under the ticker GXRP. Based on the disclosed filing price, the planned sale is worth about $53,400, or roughly $20.45 per share. The filing makes Mintzberg the third Grayscale insider named in the report to seek a sale of GXRP shares.
Earlier this year, founder Barry Silbert and chief legal officer Craig Salm filed similar applications in January. At that time, the indicated price was about $37 per share, putting Mintzberg’s proposed sale price roughly 45% lower than the level cited in those earlier filings. The report also said GXRP shares outstanding fell from 5.79 million to 2.84 million over the past six months, a decline of about 51%, indicating that redemptions have continued to outpace subscriptions. Across U.S. spot XRP ETFs, total net assets currently stand at about $971.6 million, with GXRP accounting for around 6% of that total.
Grayscale CEO Peter Mintzberg has filed a Form 144 with the U.S. Securities and Exchange Commission to sell 2,611 shares of the Grayscale XRP Trust ETF (GXRP), according to BlockBeats on July 29. The filing values the proposed sale at about $53,400, or $20.45 per share.
Mintzberg is the third insider mentioned in the report to file for a GXRP share sale. Earlier this year, founder Barry Silbert and chief legal officer Craig Salm submitted similar applications in January. Their filings indicated a price of about $37 per share, which puts Mintzberg’s proposed sale price roughly 45% below that level.
The report also said GXRP shares outstanding dropped from 5.79 million to 2.84 million over the past six months, a decline of about 51%. That change reflects continued redemption pressure exceeding subscriptions.
At present, total net assets across U.S. spot XRP ETFs are about $971.6 million, with GXRP representing roughly 6% of the market.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
