Grayscale Investments liquidates all of its XRP
Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.S. law. According to an announcement published Wednesday, Grayscale decided to dissolve the trust in response to the spate of XRP delistings from major crypto-asset exchanges after the SEC’s complaint was filed. Grayscale concluded:
“It is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP to U.S. dollars, and therefore continue the Trust’s operations.” All XRP held by the trust has already been liquidated, with Grayscale intending to distribute the net cash proceeds to XRP Trust shareholders after deducting expenses. The trust will be terminated following the distribution of said cash.
Despite the SEC’s hardline position on XRP, regulators in other countries are not convinced the token comprises a security. A January report on cryptocurrency regulation published by the U.K. Treasury classified XRP as an “unregulated token” alongside leading digital assets Bitcoin (BTC) and Ether (ETH), with the Treasury describing unregulated tokens as “neither e-money tokens nor security tokens.” The report describes XRP primarily as an “exchange token” — a token that is “primarily used as a means of exchange.” XRP is currently trading for $0.31 and is down 40% in the past 30 days.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 64% | 72 | $61 042.69 | 0.62% | 0.36% | $1 150 794 336 311 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 71.6% | 55 | $4 117.18 | 3.66% | 7.58% | $486 030 676 596 |  |
|
| 3 |  BNB |
Binance Coin predictions | 73.2% | 57 | $483.09 | 1.03% | 3.50% | $80 579 954 221 |  |
|
| 4 |  ADA |
Cardano predictions | 91.2% | 14 | $2.16 | 0.08% | -1.18% | $71 002 197 011 |  |
|
| 5 |  USDT |
Tether predictions | 95.2% | 1 | $1.000381 | 0.04% | 0.03% | $69 600 606 049 |  |
|
| 6 |  SOL |
Solana predictions | 70.4% | 52 | $196.57 | -0.49% | 24.39% | $59 131 401 979 |  |
|
| 7 |  XRP |
XRP predictions | 76% | 49 | $1.088980 | 0% | -4.47% | $51 123 615 596 |  |
|
| 8 |  DOT |
Polkadot predictions | 60.4% | 77 | $43.78 | 0.35% | 4.61% | $43 239 027 943 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 72% | 56 | $0.248946 | 1.22% | 4.69% | $32 814 608 422 |  |
|
| 10 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000560 | 0.03% | 0.06% | $32 561 971 437 |  |
|
| 11 |  LUNA |
Terra predictions | 70.4% | 62 | $42.85 | -2.61% | 17.12% | $17 200 813 172 |  |
|
| 12 |  UNI |
UniSwap predictions | 77.2% | 42 | $26.67 | 4.27% | -0.87% | $16 312 283 765 |  |
|
| 13 |  AVAX |
Avalanche predictions | 68% | 61 | $65.25 | 0.30% | 13.12% | $14 373 086 792 |  |
|
| 14 |  LINK |
Chainlink predictions | 77.6% | 48 | $30.88 | 7.84% | 13.15% | $14 233 972 483 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 64.8% | 71 | $61 137.09 | 0.71% | 0.47% | $13 559 759 340 |  |
