Grayscale CEO Files to Sell XRP ETF Shares He Bought Before Listing

Grayscale chief executive Peter Mintzberg has filed notice with the Securities and Exchange Commission (SEC) to sell 2,611 shares of the Grayscale XRP Trust ETF (GXRP) for $53,394.95. That works out to $20.45 per share.

He is the third Grayscale insider to file that notice on this fund. Barry Silbert and Craig Salm filed in January, when the same shares were marked near $37 each. What Mintzberg’s Form 144 Actually Discloses The notice is dated July 28.

It lists Mintzberg as an officer of the sponsor of the issuer. He has led Grayscale Investments since August 2024. He joined from Goldman Sachs, where he ran strategy for asset and wealth management.

All 2,611 shares were bought on October 3, 2024, in a privately negotiated purchase from the trust, settled in cash. Cantor Fitzgerald is handling the sale on NYSE Arca. Mintzberg reported no sales over the prior three months. A Form 144 states an intention to sell.