Grayscale Investments has submitted an application to the SEC to convert its XRP Trust into an exchange-traded fund (ETF) for listing on the New York Stock Exchange. The proposed ETF would continue to hold XRP as its primary asset and track its performance on a price return basis.
Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.Grayscale Investment s has filed an application with the SEC to convert its XRP Trust into an ETF for listing on the New York Stock Exchange.
The proposed ETF would continue to hold XRP as its primary asset and track its performance on a price return basis.with the Securities and Exchange Commission to convert its XRP Trust into an exchange-traded fund , which will listed on the New York Stock Exchange . The existing product operates as a Delaware statutory trust, managing over $16 million XRP as of Friday. The proposed ETF would continue to hold XRP as its primary asset and track its performance on a price return basis, adjusted for operational fees, providing investors with a direct link to XRP's performance.
Besides Grayscale, firms like CoinShares and Bitwise have also submitted applications for XRP-based ETFs, indicating a growing institutional appetite for structured investment products in XRP.could “soon be a reality” under the new Trump administration, one that has promised to bring crypto innovation back to the U.S. and support locally-based businesses.
Meanwhile, trading volumes on XRP-native applications have been on the rise as it gains favor among investors.
CRYPTOCURRENCY ETF XRP INVESTMENT GRAYSSCALE
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