
Grayscale has filed to convert its XRP Trust into a spot XRP ETF, to be listed on the NYSE. ย
This follows Grayscale's recent filings for Litecoin and Solana ETFs, and the launch of its Bitcoin Miners ETF.
Grayscale is the seventh asset manager seeking to launch an XRP ETF, amidst a surge in ETF applications.
In a recent development, asset manager grayscale Investment
grayscale Investment - Investment platform has filed a 19b-4 form with the NYSE to launch an XRP ETF. The company aims to convert its XRP Trust into an exchange-traded fund (ETF), which will be listed and traded on the NYSE.
โGrayscale Investments has filed with the New York Stock Exchange (NYSE) to offer a spot XRP exchange-traded fund (ETF). This filing aims to convert Grayscaleโs existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE,โ the filing read.
This comes shortly after Grayscale filed for Litecoin and Solana ETFs. Additionally, the company recently introduced its Bitcoin Miners ETF, under the ticker MNRS, which provides exposure to publicly traded Bitcoin mining companies.
It’s a Growing Trend!
By filing for an XRP ETF, Grayscale joins asset managers like Bitwise and WisdomTree in the race to issue an exchange-traded fund. This filing makes Grayscale the seventh asset manager to submit a proposal for an XRP ETF, as part of a wave of ETF applications since Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President return to office and Gary Gensler’s exit from the SEC.
XRP Trustโs Strong Performance
Grayscaleโs XRP Trust has been performing well this year. In January, the trust saw a 300% increase, according to Nasdaq, driven by speculation that an XRP ETF might launch within the next 12 months.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The momentum behind crypto ETFs is undeniable, and Grayscale has proved it once again.