Grayscale CEO Sells GXRP ETF Shares at 45% Discount to January Price

Grayscale CEO liquidates GXRP holdings as circulating supply halves in six months, signaling persistent redemption pressure within the $971M US spot XRP ETF market.

Woofun AI reports that Grayscale CEO has filed an application to sell shares of the GXRP ETF, marking the third insider exit following earlier moves by Barry Silbert and Craig Salm. The current sale price is approximately 45% lower than the $37 per share recorded during the January applications. Over the past six months, GXRP circulating shares have declined by roughly 51%, falling from 5.79 million to 2.84 million units, indicating that redemptions continue to outpace subscriptions. The total net assets of US spot XRP ETFs stand at approximately $971.6 million, with GXRP representing about 6% of the aggregate value.