The notice puts the aggregate market value at $53,394.95, or $20.45 per share, with Cantor Fitzgerald handling the sale on NYSE Arca.<\/p>\n
Mintzberg acquired the shares on October 3, 2024, through a privately negotiated transaction with the issuer and paid cash. He reported no sales of the security in the previous three months. A Form 144 registers an intention to sell and does not confirm a completed trade.<\/p>\n
Mintzberg took over as Grayscale\u2019s CEO on August 15, 2024, arriving from Goldman Sachs, which put the purchase seven weeks into the job. The fund was a private placement for accredited investors at the time, holding<\/a> close to $17 million across 301,500 shares by its first anniversary in September 2025.<\/p>\n Two other Grayscale insiders filed notices on the same security in January. For example, Digital Currency Group founder Barry Silbert, listed as a 10% stockholder, reported 9,158 shares worth $336,373.34, held through a Roth IRA and routed via Capital Institutional Services.<\/p>\n Moreover, Chief Legal Officer Craig Salm reported 7,123 shares worth $266,970.04 through Canaccord Genuity. Silbert\u2019s notice names OTCQX as the venue, while Salm\u2019s and Mintzberg\u2019s both name NYSE Arca.<\/p>\n All three insiders bought inside the same seven-week window in 2024. Silbert took 4,407 shares on September 14 and 4,751 on October 4. Salm took 2,319 on October 8 and 4,804 on October 31.<\/p>\n Both January notices reached the SEC on January 26, and Salm signed his three days earlier. The January filings imply share prices of $36.73 and $37.48, against the $20.45 in Mintzberg\u2019s notice, a decline of 44% over the six months between them.<\/p>\n The January filings each listed 5,790,100 shares outstanding. Mintzberg\u2019s July notice lists 2,840,100, a reduction of 2,950,000 shares, or 51%. At $20.45 a share, the remaining count values the trust near $58 million, behind the category leaders at close to $500 million for Bitwise\u2019s fund and below $470 million for Canary\u2019s XRPC.<\/p>\n Grayscale uplisted the fund eleven days after the first US spot XRP ETF began trading<\/a> on Nasdaq on November 13, 2025, with GXRP shares opening on NYSE Arca on November 24.<\/p>\n Across the category, seven of the ten business days to July 19 recorded<\/a> zero net flows, at US spot XRP funds, against close to $1.5 billion in cumulative inflows since launch.<\/p>\n XRP traded at $1.07 on July 30, 70.5% below the $3.65 high it set on July 17, 2025.<\/p>\n The post Grayscale CEO Files to Sell $53K of GXRP Shares Bought Before Ripple ETF Listing<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The notice puts the aggregate market value at $53,394.95, or $20.45 per share, with Cantor Fitzgerald handling the sale on NYSE Arca. Mintzberg acquired the shares on October 3, 2024, through a privately negotiated transaction with the issuer and paid cash. He reported no sales of the security in the previous three months. A Form […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-206299","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/206299"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=206299"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/206299\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=206299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=206299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=206299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trust Float Halves in Six Months<\/h2>\n