News View Non-AMP

Just In: Grayscale Files for Spot XRP ETF on NYSE

Published by
Nidhi Kolhapur

In a recent development, asset manager grayscale Investment 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.

“Grayscale Investments has filed with the New York Stock Exchange (NYSE) to offer a spot XRP exchange-traded fund (ETF). This filing aims to convert Grayscale’s existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE,” 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 return to office and Gary Gensler’s exit from the SEC.

XRP Trust’s Strong Performance

Grayscale’s 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.

The momentum behind crypto ETFs is undeniable, and Grayscale has proved it once again.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Mega Bullish: SOL Strategies Announces $500M to Buy More Solana

SOL Strategies agreed with ATW Partners to issue a convertible note of up to $500M.…

April 23, 2025

After Rising Above $1800, Here’s What to Expect from the Ethereum (ETH) Price Rally This Month

The crypto markets are healing after the trade war losses that wiped out billions from…

April 23, 2025

XRP, ADA and Altcoins Rally As New SEC Chair Paul Atkins Promises ‘Principled Approach’

The crypto community has long awaited a pro-crypto era in the U.S., hoping for clearer…

April 23, 2025

Meme Coins Are Pumping as Bitcoin Hits $94K — Memecoins to Watch Today

The crypto market is having a great day, and meme coins are leading the way.…

April 23, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 23, 2025

Solana (SOL) Price Forecast: This Token Will 42x Your $500 While SOL Lags

Recently, Solana’s price slipped below the $130 support level, worrying a good share of investors…

April 23, 2025