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 | 69.6% | 54 | $28 068.88 | 1.33% | 7.74% | $542 479 232 239 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 39 | $1 796.91 | 2.35% | 4.75% | $219 895 368 505 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $1.001141 | -0.09% | -0.12% | $78 575 681 204 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.4% | 51 | $323.51 | -0.44% | -2.98% | $51 078 681 358 |  |
|
| 5 |  USDC |
USD Coin predictions | 91.6% | 2 | $0.999580 | 0.05% | -0.01% | $34 405 741 418 |  |
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| 6 |  XRP |
XRP predictions | 84.4% | 21 | $0.427684 | -3.54% | 15.97% | $21 790 915 468 |  |
|
| 7 |  HEX |
HEX predictions | 62% | 82 | $0.105273 | -13.59% | 20.81% | $18 255 461 602 |  |
|
| 8 |  ADA |
Cardano predictions | 78.4% | 44 | $0.362363 | -2.84% | 8.30% | $12 581 690 970 |  |
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| 9 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 75.2% | 51 | $0.075582 | 0.44% | 1.34% | $10 027 482 654 |  |
|
| 11 |  MATIC |
Polygon predictions | 76% | 47 | $1.12 | -0.15% | -5.20% | $9 805 540 362 |  |
|
| 12 |  SOL |
Solana predictions | 70.4% | 52 | $21.64 | -0.45% | 7.94% | $8 303 091 244 |  |
|
| 13 |  BUSD |
Binance USD predictions | 96% | 1 | $0.999779 | 0.02% | -0.10% | $8 062 237 832 |  |
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| 14 |  DOT |
Polkadot predictions | 75.6% | 49 | $6.21 | 0.24% | -1.17% | $7 268 180 249 |  |
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| 15 |  LTC |
Litecoin predictions | 73.2% | 59 | $92.99 | 5.58% | 13.69% | $6 746 412 901 |  |
