Grayscale was seen to be more firm in getting rid of XRP when it was reported to have terminated XRP Trust.
XRP Trust allows customers to invest in XRP as if it were a stock rather than a cryptocurrency investment.
The results were announced a week after the firm sold all XRP assets in the Digital Large Cap Fund.
Grayscale is also aware of the difficulties of US (US) investors including the Trust to convert XRP to US dollars to continue the Trust's operations.
As a result they act to dilute the trust and distribute the proceeds to shareholders, excluding fees. XRP Trust directly terminated.
Earlier, Ripple Labs was sued by the Securities and Exchange Commission (SEC) for allegedly offering securities of unregistered digital assets, causing many crypto exchange platforms to restrict XRP trading domestically and globally.
Meanwhile, in a recent report by Japan's Financial Services Agency (FSA) which has the same powers as the SEC, it supports XRP as a crypto currency, not a security.
The FSA is the second party after financial services firm SBI Holdings is of the same opinion, emphasizing XRP is not a security under Japanese law.
