Grayscale XRP ETF Adds In-Kind Transactions and New Custodian

Grayscale has expanded the Grayscale XRP Trust ETF (GXRP) by introducing in-kind transactions, allowing institutions to exchange tokens directly for shares to improve trading efficiency. Additionally, the firm has integrated BitGo Bank Trust as a new custodian for the Hyperliquid Staking ETF to safeguard HYPE holdings. These updates reflect a broader trend of building sophisticated institutional custody structures for altcoin and staking products that previously operated primarily within crypto-native venues to enhance overall security.