27,981 Shares in Grayscale XRP Trust ETF $GXRP Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC bought a new position in shares of Grayscale XRP Trust ETF (NYSEARCA:GXRP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,981 shares of the company’s stock, valued at approximately $728,000.

Separately, Goldman Sachs Group Inc. bought a new stake in Grayscale XRP Trust ETF in the 4th quarter valued at $37,961,000.

Grayscale XRP Trust ETF Stock Performance

Shares of GXRP stock opened at $21.26 on Friday. Grayscale XRP Trust ETF has a 52 week low of $19.71 and a 52 week high of $46.51. The business has a fifty day moving average of $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.