{"id":5035,"date":"2026-07-30T22:28:54","date_gmt":"2026-07-30T22:28:54","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=5035"},"modified":"2026-07-30T22:28:54","modified_gmt":"2026-07-30T22:28:54","slug":"grayscale-ceo-plans-to-sell-53k-worth-of-gxrp-shares-acquired-before-xrp-etf-launch","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/30\/grayscale-ceo-plans-to-sell-53k-worth-of-gxrp-shares-acquired-before-xrp-etf-launch\/","title":{"rendered":"Grayscale CEO Plans to Sell $53K Worth of GXRP Shares Acquired Before XRP ETF Launch"},"content":{"rendered":"\n
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Grayscale CEO Peter Mintzberg has disclosed plans to sell his entire personal stake in the Grayscale XRP Trust ETF, according to a recent filing with the U.S. Securities and Exchange Commission.<\/p>\n\n\n\n

On July 28, Mintzberg submitted a Form 144 seeking approval to sell 2,611 GXRP shares that he purchased directly from the trust in a private transaction in October 2024.<\/p>\n\n\n\n

The filing values the proposed sale at approximately $53,395, based on a share price of $20.45, with Cantor Fitzgerald set to execute the transaction on NYSE Arca. Form 144 filings indicate an intent to sell and do not confirm that the shares have actually been sold.<\/p>\n\n\n\n

Third Grayscale Executive to File GXRP Sale Notice<\/strong><\/p>\n\n\n\n

Mintzberg became Grayscale\u2019s CEO on August 15, 2024, after joining from Goldman Sachs. Roughly seven weeks later, he acquired the GXRP shares through a privately negotiated cash purchase while the trust was still available only to accredited investors.<\/p>\n\n\n\n

By September 2025, the trust had grown to nearly $17 million in assets across 301,500 shares.<\/p>\n\n\n\n

Mintzberg is the third Grayscale insider to disclose plans involving GXRP shares this year.<\/p>\n\n\n\n

In January, Digital Currency Group founder Barry Silbert, listed as a 10% shareholder, filed to sell 9,158 shares valued at about $336,373 through a Roth IRA using Capital Institutional Services. Around the same time, Grayscale Chief Legal Officer Craig Salm disclosed plans to sell 7,123 shares worth roughly $266,970 through Canaccord Genuity.<\/p>\n\n\n\n

While Silbert\u2019s filing identified OTCQX as the trading venue, both Salm and Mintzberg listed NYSE Arca.<\/p>\n\n\n\n

All three executives accumulated their holdings during the same seven-week period in late 2024. Silbert purchased 4,407 shares on September 14 and another 4,751 on October 4. Salm acquired 2,319 shares on October 8 before adding 4,804 more on October 31.<\/p>\n\n\n\n

The earlier January filings implied share prices between $36.73 and $37.48, compared with the $20.45 valuation in Mintzberg\u2019s latest filing, representing a decline of roughly 44% over six months.<\/p>\n\n\n\n

Outstanding Shares Shrink as XRP ETF Market Evolves<\/strong><\/p>\n\n\n\n

The trust\u2019s outstanding share count has also dropped significantly. January filings listed approximately 5.79 million shares outstanding, while Mintzberg\u2019s July filing shows just 2.84 million shares, a reduction of nearly 2.95 million shares, or about 51%.<\/p>\n\n\n\n

At the current filing price, the trust is valued at roughly $58 million. That remains well below the largest spot XRP ETF products, with Bitwise\u2019s fund approaching $500 million in assets and Canary\u2019s XPC managing nearly $470 million.<\/p>\n\n\n\n

Grayscale listed GXRP on NYSE Arca on November 24, 2025, eleven days after the first U.S. spot XRP ETF began trading on Nasdaq.<\/p>\n\n\n\n

Despite total inflows nearing $1.5 billion since launch across U.S. spot XRP ETFs, investor activity has slowed recently. Seven of the ten trading days leading up to July 19 recorded zero net inflows across the sector.<\/p>\n\n\n\n

As of July 30, XRP was trading around $1.07, approximately 70.5% below its all-time high of $3.65 reached on July 17, 2025.#crypto#cryptonews https:\/\/coinsignals.net<\/a>https:\/\/t.me\/coinsignalpublic<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Grayscale CEO Peter Mintzberg has disclosed plans to sell his entire personal stake in the Grayscale XRP Trust ETF, according to a recent filing with the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5035","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=5035"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5035\/revisions"}],"predecessor-version":[{"id":5037,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5035\/revisions\/5037"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=5035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=5035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=5035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}