Gallacher Capital Management LLC Buys New Shares in Grayscale XRP Trust ETF $GXRP

Gallacher Capital Management LLC purchased a new stake in shares of Grayscale XRP Trust ETF (NYSEARCA:GXRP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,981 shares of the company’s stock, valued at approximately $728,000. Gallacher Capital Management LLC owned 1.14% of Grayscale XRP Trust ETF as of its most recent filing with the Securities & Exchange Commission.

Separately, Goldman Sachs Group Inc. bought a new position in shares of Grayscale XRP Trust ETF in the fourth quarter worth about $37,961,000.

Grayscale XRP Trust ETF Stock Performance

GXRP stock opened at $21.26 on Friday. Grayscale XRP Trust ETF has a twelve month low of $19.71 and a twelve month high of $46.51. The company’s 50-day moving average is $23.45.

Grayscale XRP Trust (listed on NYSE Arca under the ticker GXRP) is an investment vehicle managed by Grayscale Investments that holds XRP, the native digital token associated with the Ripple network. The trust issues shares intended to provide investors with exposure to the price movement of XRP through a single, tradable security without requiring direct ownership or custody of the underlying cryptocurrency.

The trust’s primary activity is custody and administration of XRP on behalf of its shareholders and the issuance of shares that reflect the value of the assets held by the trust, less applicable fees and expenses.