Grayscale Launches New XRP Trust: A Potential Path to ETF
Source: Grayscale Grayscale has officially announced the launch of the Grayscale XRP Trust on September 12, 2024. This new financial product aims to provide investors with direct exposure to XRP , a cryptocurrency used in Ripple’s cross-border payment systems. The trust is open to daily subscriptions for eligible individual and institutional accredited investors. We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale $XRP Trust, which will be available through private placement. Available to eligible accredited investors. Read the press release: https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT — Grayscale (@Grayscale) September 12, 2024 Potential for an XRP ETF The introduction of the Grayscale XRP Trust may set the stage for a future XRP exchange-traded fund (ETF), though such a development would require approval from the U.S. Securities and Exchange Commission (SEC) . As highlighted in a report by Fox Business, ...