Grayscale XRP Trust ETF 8-K

What Happened Grayscale XRP Trust ETF (GXRP) reported on its Form 8-K (filed Jan 26, 2026) that CoinDesk Indices, Inc. — the Index Provider for the Trust’s price benchmark — changed the digital asset trading platforms used to calculate the CoinDesk XRP Benchmark Rate effective January 20, 2026. CoinDesk added Binance (XRP‑USDC), Gate (XRP‑USDC) and HashKey (XRP‑USD) and removed Bitfinex (XRP‑USD) as part of its scheduled review.

Key Details

• Effective date of change: January 20, 2026; 8-K filed January 26, 2026.
• Platforms added: Binance (XRP‑USDC), Gate (XRP‑USDC), HashKey (XRP‑USD).
• Platform removed: Bitfinex (XRP‑USD) for failing to meet inclusion criteria.
• Constituent trading platforms now included in the Index Price:
  • XRP‑USD pairs: Bitstamp by Robinhood, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX.
  • XRP‑USDC pairs: Bitstamp by Robinhood, Bullish, Bybit, Kraken, OKX, Binance, Gate.
• CoinDesk may continue to add/remove venues through scheduled monthly reviews or otherwise per its methodology (see Trust’s Form S‑1, filed Nov 3, 2025).

Why It Matters Changes to the venues used to calculate the Index Price can affect the price feed that the Trust uses as a reference for NAV and trading. For investors, this is an operational update about how the Trust’s underlying price benchmark is constructed — not an announcement of changes to the Trust’s structure or management. Monitoring the Index Provider’s venue list matters because different platforms can have different liquidity, spreads and price behavior, which can influence index calculations and short‑term tracking.