- Grayscale, a global leader in digital currency asset management, released a new update of its single-asset products.
- According to it, the XRP Investment Trust is the only one that is growing in the cryptocurrency market.
Grayscale Releases Market Update
As reported by Grayscale, the XRP Investment Trust registered a day change of 3.2% on November 19.
The worst performing single-asset product was the Bitcoin Cash Investment Trust with a daily negative return of 24.09%. This was followed by the Zen Investment Trust with a decline of 14.29% and the Ethereum Classic Investment Trust that fell 13.55%.
The Bitcoin Investment Trust fell by 7.12%, the Ethereum Investment Trust registered a negative performance of 11.27% and the Litecoin Investment Trust lost 11.9%.
11/19/18 UPDATE: Holdings per share and net assets under management for our investment products
— Grayscale (@GrayscaleInvest) November 19, 2018
XRP is the third-largest cryptocurrency in the market and it has a market capitalization of $10.75 billion. Each XRP coin can be purchased for $0.251 according to CoinMarketCap.
Today was a very negative day for cryptocurrencies. All the top 10 are registering losses that range between 3.71% for XRP and 10.78% for Bitcoin SV (BSV).
XRP has usually been very resilient to sudden price drops that affect the whole cryptocurrency market. While most of the digital assets are heavily falling, the price decrease experienced by XRP is still a moderated one.
Indeed, XRP is currently the best performing asset among the top 13 cryptocurrencies. Ripple has been working in order to expand XRP’s use cases and usability around the world. The company has already partnered with several firms in different countries to start using the XRP digital asset and perform cross-border transactions.
There are over 300 firms using Ripple’s services and this number could be even larger in the future.