Grayscale XRP Trust ETF Custodian Requires $100M Insurance
The new custodian for the Grayscale XRP Trust ETF (GXRP) must maintain $100 million in aggregate theft insurance.
The new custodian designated for the Grayscale XRP Trust ETF (GXRP) is required to hold $100 million in aggregate theft insurance, according to Stock Titan. The requirement establishes a security provision for the fund's digital asset holdings.
Custody Requirements
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The mandate specifies that the custodian must maintain the $100 million policy for aggregate theft coverage. Specific details regarding the identity of the new custodian were not outlined in the initial filing data.
Key facts
- The Grayscale XRP Trust ETF (GXRP) requires its new custodian to hold $100 million in aggregate theft insurance.
- The requirement was reported by Stock Titan.
Source: news.google.com
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