Grayscale CEO Files to Sell $53K of GXRP Shares Bought Before Ripple ETF Listing

Peter 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. 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. 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. Third Insider to File on GXRP Mintzberg took over as Grayscale’s 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 close to $17 million across 301,500 shares by its first anniversary in September 2025. 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. Moreover, Chief Le...