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\n\t\t\t\t\t\t\t\t\tPeter Mintzberg filed a Form 144 on July 28 to sell 2,611 shares of the Grayscale XRP Trust ETF, the entire block he bought privately from the trust in October 2024.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The notice puts the aggregate market value at $53,394.95, or $20.45 per share, with Cantor Fitzgerald handling the sale on NYSE Arca.<\/p>\n
Mintzberg acquired the shares on October 3, 2024, through a privately negotiated transaction with the issuer and paid cash. He reported no sales of the security in the previous three months. A Form 144 registers an intention to sell and does not confirm a completed trade.<\/p>\n
Mintzberg took over as Grayscale\u2019s CEO on August 15, 2024, arriving from Goldman Sachs, which put the purchase seven weeks into the job. The fund was a private placement for accredited investors at the time, holding<\/a> close to $17 million across 301,500 shares by its first anniversary in September 2025.<\/p>\n Two other Grayscale insiders filed notices on the same security in January. For example, Digital Currency Group founder Barry Silbert, listed as a 10% stockholder, reported 9,158 shares worth $336,373.34, held through a Roth IRA and routed via Capital Institutional Services.<\/p>\n Moreover, Chief Legal Officer Craig Salm reported 7,123 shares worth $266,970.04 through Canaccord Genuity. Silbert\u2019s notice names OTCQX as the venue, while Salm\u2019s and Mintzberg\u2019s both name NYSE Arca.<\/p>\n All three insiders bought inside the same seven-week window in 2024. Silbert took 4,407 shares on September 14 and 4,751 on October 4. Salm took 2,319 on October 8 and 4,804 on October 31.<\/p>\n Both January notices reached the SEC on January 26, and Salm signed his three days earlier. The January filings imply share prices of $36.73 and $37.48, against the $20.45 in Mintzberg\u2019s notice, a decline of 44% over the six months between them.<\/p>\n The January filings each listed 5,790,100 shares outstanding. Mintzberg\u2019s July notice lists 2,840,100, a reduction of 2,950,000 shares, or 51%. At $20.45 a share, the remaining count values the trust near $58 million, behind the category leaders at close to $500 million for Bitwise\u2019s fund and below $470 million for Canary\u2019s XRPC.<\/p>\n Grayscale uplisted the fund eleven days after the first US spot XRP ETF began trading<\/a> on Nasdaq on November 13, 2025, with GXRP shares opening on NYSE Arca on November 24.<\/p>\n Across the category, seven of the ten business days to July 19 recorded<\/a> zero net flows, at US spot XRP funds, against close to $1.5 billion in cumulative inflows since launch.<\/p>\n XRP traded at $1.07 on July 30, 70.5% below the $3.65 high it set on July 17, 2025.<\/p>\nYou may also like:<\/h3>\n
Trust Float Halves in Six Months<\/h2>\n
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