Grayscale XRP Trust ETF (GXRP): entered into AP agreement amendments and added Anchorage Digital custodian

What happened

• The filing reports that Grayscale Investments Sponsors, LLC, as sponsor of Grayscale XRP Trust ETF (the “Sponsor” and the “Trust”), entered into amendments to Participant Agreements with Macquarie Capital (USA) Inc. and Virtu Americas LLC to permit creations and redemptions of Shares in-kind in addition to the Trust’s existing cash-based process. The Sponsor may engage additional authorized participants in the future.
• The filing reports that on Sep 29, 2026 the Sponsor and Anchorage Digital Bank N.A. entered into the Sixth Amendment to the Master Custody Service Agreement (the “Anchorage Digital Custodian Agreement”), under which Anchorage Digital will provide custody and safekeeping services for a portion of the Trust’s XRP holdings.

Key details

• Participant agreement amendments: allow in-kind creations and redemptions in addition to cash-based creations and redemptions; Form of Amendment to Participant Agreement filed as Exhibit 10.1.
• Anchorage Digital custody: amendment entered Sep 29, 2026 to a Master Custody Service Agreement dated Aug 8, 2025; Anchorage Digital will generate and retain private keys, use a hardware security module located in the United States, and may suspend or choose whether to support branches in the event of an XRP blockchain fork.
• Insurance and fees: Anchorage Digital is required to maintain commercial crime insurance or a fidelity bond with limits of not less than $100,000,000 in the aggregate; fees paid to the additional custodian are a Sponsor-paid expense. Coinbase Custody Trust Company, LLC remains the Trust’s primary custodian; the Sponsor has not yet determined the amount of XRP to move to Anchorage Digital.
• Supplemental disclosure: the Sponsor filed updated disclosures (Exhibit 99.1) to reflect availability of an in-kind creation and redemption process, which the Sponsor intends to cause the Trust to use as described in that exhibit.

Why it may matter

• Item reported: Item 1.01 (entry into a material definitive agreement). The filing covers amendments to authorized participant agreements that add an in-kind creation/redemption option and a custody services amendment adding Anchorage Digital as an additional custodian for a portion of the Trust’s XRP holdings. This filing does not show why the insider traded or why the company acted.