The Motley Fool

NOVEMBER 3, 2024

Ripple actually pre-mined its entire supply of 100 billion tokens before its launch in 2013, and it locked up more than half of those tokens in escrow accounts across its blockchain. Second, Grayscale recently relaunched its XRP Trust as a closed-end fund ( CEF ) for accredited investors in response to Ripple's partial victory.

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The Motley Fool

SEPTEMBER 24, 2024

XRP (CRYPTO: XRP) , the digital currency of the Ripple blockchain, has taken its investors on a wild ride since its market debut in 2013. It started trading at $0.0058893, soared to an all-time high of $3.84 in early 2018, but now trades at about $0.60. In other words, a $10,000 investment would have grown to $6.52 million today.

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The Motley Fool

OCTOBER 19, 2024

The trust was created in 2013 and initially offered solely to institutional and accredited investors before it began trading over the counter in 2015. Bitcoin has minted millionaires for years, but there are nuances to cryptocurrency that can be a pain to deal with. Enter the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC).

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The Motley Fool

OCTOBER 19, 2024

In an investor presentation last year, Cathie Wood asserted that Ethereum's market cap could reach $20 trillion -- which would equal a market price of more than $166,000 per token -- by 2032. Grayscale subsequently relaunched its XRP Trust (which it had previously shut in 2021) as a closed-end fund ( CEF ) for accredited investors.

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The Motley Fool

MARCH 6, 2025

By contrast, XRP's entire supply of 100 billion tokens was pre-mined before it launched in 2013. XRP overcomes its biggest challenges When Ripple initially launched XRP in 2013, it hoped the token would be adopted for financial transactions on its payment platform. Learn More Image source: Getty Images.

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The Motley Fool

JANUARY 26, 2025

When Ripple launched XRP in 2013, it hoped its customers would adopt the token for their financial transactions. Grayscale also relaunched its XRP Trust as a new closed-end fund ( CEF ) for accredited investors , and several firms registered to sponsor their own spot XRP ETFs. presidential election.

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