Here are the 10-K annual reports from Grayscale XRP Trust ETF (GXRP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GXRP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GXRP filings page.
Grayscale XRP Trust ETF provides exchange-traded exposure to XRP, aiming for its share price to track the value of XRP held, based on an index price, minus expenses. The Trust is a Delaware statutory trust and is listed on NYSE Arca under the ticker GXRP.
As of December 31, 2025, the Trust held approximately 0.20% of XRP in circulation, and each Share represented about 19.4013 XRP. There were 2,760,100 Shares outstanding as of March 6, 2026. From the uplisting on November 24, 2025 through year-end, GXRP generally traded close to net asset value, with a maximum premium of 0.6% and maximum discount of 0.8%.
The Trust is a passive vehicle, does not use leverage or derivatives, and issues and redeems only in Baskets of 10,000 Shares through Authorized Participants, currently via cash orders. XRP are held in cold storage by a third-party custodian, with multiple geographically distributed vaults and various security controls.
The filing highlights extensive risk factors, including extreme XRP price volatility, evolving regulation that could treat XRP as a security, reliance on third-party service providers, potential trading premiums or discounts to NAV, and structural risks in digital asset markets and trading platforms.