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 | 60% | 87 | $28 953.50 | -4.17% | -3.67% | $551 514 958 969 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 61.6% | 88 | $1 929.37 | -6.11% | -6.26% | $233 271 604 070 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999062 | 0% | 0.01% | $73 206 337 226 |  |
|
| 4 |  USDC |
USD Coin predictions | 96% | 1 | $1.000165 | 0.02% | 0.01% | $53 264 489 963 |  |
|
| 5 |  BNB |
Binance Coin predictions | 58% | 88 | $316.54 | -3.99% | 4.58% | $51 683 254 368 |  |
|
| 6 |  XRP |
XRP predictions | 58.4% | 91 | $0.397236 | -6.29% | -7.17% | $19 203 606 558 |  |
|
| 7 |  BUSD |
Binance USD predictions | 91.6% | 1 | $1.000278 | 0.11% | 0.03% | $18 328 809 687 |  |
|
| 8 |  ADA |
Cardano predictions | 56.4% | 93 | $0.502003 | -7.81% | -12.64% | $16 943 898 369 |  |
|
| 9 |  SOL |
Solana predictions | 58.4% | 91 | $48.07 | -9.25% | -12.69% | $16 307 952 335 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 60.8% | 90 | $0.081327 | -5.98% | -8.79% | $10 789 659 758 |  |
|
| 11 |  DOT |
Polkadot predictions | 55.2% | 90 | $9.73 | -6.72% | -10.15% | $9 613 488 110 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 56.8% | 87 | $28 897.59 | -4.37% | -3.70% | $7 993 157 722 |  |
|
| 13 |  TRX |
TRON predictions | 73.2% | 56 | $0.079994 | 5.25% | 13.91% | $7 570 190 446 |  |
|
| 14 |  AVAX |
Avalanche predictions | 55.6% | 93 | $27.44 | -12.43% | -18.78% | $7 390 659 271 |  |
|
| 15 |  DAI |
Dai predictions | 93.2% | 1 | $0.999659 | -0.06% | -0.01% | $6 569 292 513 |  |
