JUST

Grayscale will launch the first US XRP trust, Fox Business reported. The move paves the way for a potential spot XRP ETF. 
Crypto asset manager Grayscale is taking the first step toward launching an XRP exchange-traded fund, FOX Business has learned. 
The report stated that Grayscale will announce the launch of the first US XRP trust, which will offer accredited investors direct exposure to XRP. 
Two of Grayscale’s investment trusts, the Bitcoin (BTC) and Ethereum (ETH) Trusts, have both converted to ETFs this year. Given Grayscale’s success, it’s possible the company’s XRP trust could also become an ETF. 
At this point, XRP investors are waiting for asset managers like Grayscale or BlackRock to apply for an XRP ETF following the launch of Bitcoin and Ethereum products. 
While some experts say that the XRP ETF is unlikely to receive approval, others think that the SEC will eventually approve a spot XRP ETF. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> Trust, which will be available through private placement. 
 Available to eligible accredited investors. 
 Read the press release: <a href="https://t.co/rOmVPUSFxZ">https://t.co/rOmVPUSFxZ</a> <a href="https://t.co/WEhk849RmT">pic.twitter.com/WEhk849RmT</a> 
 — Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1834216119869341902?ref_src=twsrc%5Etfw">September 12, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/just-in-grayscale-makes-huge-xrp-move-a-first-in-the-us/">JUST IN! Grayscale Makes Huge XRP Move! A First in the US!</a>

JUST IN! Grayscale Makes Huge XRP Move! A First in the US!

Bitcoin Sistemi EN

Other articles published on Sep 12, 2024

Hong Kong Discusses Developments That Will Deeply Affect the Cryptocurrency Industry

AirMoney to Launch Depin Hardware wallet ‘Degn’ at TOKEN2049

FBI Finds Crypto Fraud Losses Hit $5.6B in 2023, Up 45% from 2022

Vitalik Buterin to Prioritize Stage 1 + L2 Projects in 2025

$MEMEBET Token Debuts Strong: GambleFi Meme Coin Betting Platform Snares $200,000 In 48 Hours

ERC20 GambleFi Token Still Outpacing The AVAX And SUI Price Surges

Join our free newsletter for daily crypto updates!