Grayscale's Mintzberg Sells GXRP Shares Amid Weakening Demand

Grayscale's CEO Peter Mintzberg has filed to sell 2,611 shares of the company's XRP ETF (GXRP), worth approximately $53,395 at a price of $20.45 per share.

The sale is part of a larger trend of weakening investor demand for GXRP, which has seen its outstanding shares decline significantly since January.

This comes as Grayscale now holds only about 6% of the U.S. XRP ETF market, with other competitors gaining traction.

Despite this, investor interest in XRP remains strong overall, with cumulative inflows across U.S. XRP ETFs surpassing $1.5 billion.