Crypto enthusiasts got a fresh update when MartyParty, a well-known crypto commentator on X, shared news about Grayscale's latest move with its XRP Trust. In a tweet posted on October 10, 2025, he announced that Grayscale filed an amended S-1/A form with the SEC after market close, primarily updating the ticker to "GXRP." While the tweet noted no other major changes, a deeper look at the filing reveals some refinements that could shape the future of XRP exposure for investors.

Breaking Down the Filing

For those new to SEC filings, an S-1 is the registration statement companies file when they want to issue securities to the public. The "/A" indicates it's an amendment to the original filing. In this case, Grayscale's XRP Trust is positioning itself as a vehicle for investors to gain exposure to XRP without directly holding the digital asset. The trust holds XRP, and its shares are meant to track the value of those holdings, minus operational expenses.

The key highlight from the amendment is the addition of the ticker symbol "GXRP." This sets the stage for the trust to list on the NYSE Arca exchange. Grayscale plans to rename the product to "Grayscale XRP Trust ETF" once the registration becomes effective. This move aligns with their strategy for other crypto products, like the Bitcoin and Ethereum ETFs, making it easier for traditional investors to dip into crypto through familiar stock-like instruments.

Diving deeper into the full SEC filing, there are a few noteworthy updates beyond the ticker. For instance, the trust has switched its pricing index from the CoinDesk Ripple Price Index (XRX) to the CoinDesk XRP CCIXber Reference Rate starting October 1, 2025. This index pulls data from major platforms like Coinbase, Kraken, and others to calculate XRP's value at 4:00 p.m. New York time each business day. Market data has been refreshed to September 30, 2025, showing XRP's circulating supply at about 59.8 billion tokens, with a market cap of around $170.3 billion, ranking it as the fifth-largest digital asset.

Sponsor details have also evolved. Grayscale Investments Sponsors, LLC (GSIS) is now the sole sponsor after some internal reorganizations. They've added Continental Stock Transfer & Trust Company as a co-transfer agent, and there's more emphasis on regulatory developments, like the launch of CME XRP futures in May 2025 and recent SEC dismissals of cases against major exchanges.

What This Means for Investors

If you're into crypto, especially with a eye on meme tokens, this filing could signal growing institutional interest in established assets like XRP. While XRP isn't a meme token per se—it's built for fast, low-cost cross-border payments via the Ripple network—it has a passionate community often dubbed the "XRP Army," which shares some vibes with meme coin crowds. An ETF approval could boost liquidity and price stability for XRP, potentially spilling over to hype-driven tokens if overall market sentiment improves.

However, it's not all smooth sailing. The filing reiterates risks like extreme volatility (XRP's price swung from $0.50 to $3.29 in the period from September 2024 to June 2025), regulatory uncertainties, and network-specific issues. XRP's fixed supply of 100 billion tokens, with no mining involved, means it's deflationary through transaction fee burns, but concentrated ownership among top holders could lead to price dumps.

Grayscale's trust operates passively, holding XRP in secure custody with Coinbase and not engaging in staking or derivatives. Shares are created and redeemed in baskets of 10,000, currently via cash orders, with plans for in-kind transactions pending further approvals. The sponsor fee accrues daily, eating into returns over time.

Community Buzz and Reactions

The tweet sparked some quick reactions. One user asked MartyParty for his honest take on XRP, to which he replied, "Not a fan of the software or the brand." This candid response highlights the divided opinions in crypto—some see XRP as a game-changer for payments, while others criticize its centralization compared to decentralized giants like Bitcoin.

Other replies were a mix of excitement and spam, typical of crypto discussions on X. It underscores how news like this can fuel debates and speculation, much like meme token pumps driven by social media hype.

Looking Ahead

This amended filing is a step forward for Grayscale in expanding its crypto ETF lineup, potentially opening doors for more mainstream adoption of XRP. For blockchain practitioners and meme token watchers, it's a reminder of how regulatory progress in one corner of crypto can influence the whole ecosystem. Keep an eye on SEC updates—approval could be a catalyst for XRP and related assets. As always, this isn't financial advice; do your own research before diving in.