Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple | Markets and Prices Bitcoin News

By news.bitcoin.com on January 14, 2021

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust's shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple.

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