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<p class="is-style-lead">Grayscale Investments has launched the Grayscale XRP Trust, offering accredited investors exposure to XRP, the token used on the XRP Ledger.</p> 
<p>The Trust is available for daily subscription to qualified investors and operates similarly to <a href="https://crypto.news/tag/Grayscale" target="_blank">Grayscale’s</a> other single-asset investment trusts, <a href="https://www.globenewswire.com/news-release/2024/09/12/2945244/0/en/Grayscale-Investments-Launches-Grayscale-XRP-Trust.html" target="_blank">according</a> to a Ripple press release. While XRP’s regulatory status remains uncertain due to the <a href="https://crypto.news/ripples-sec-victory-whats-xrp-price-predictions/" target="_blank">ongoing legal battle</a> between the <a href="https://crypto.news/tag/sec/" target="_blank">SEC</a> and Ripple (<a href="https://crypto.news/price/xrp/" target="_blank">XRP</a>), Grayscale remains optimistic about its long-term value.</p> 
<p>The XRP ledger is a blockchain designed to facilitate fast, cross-border transactions.&nbsp;According to Grayscale’s Head of Product &amp; Research, Rayhaneh Sharif-Askary, the Trust aims to provide investors access to a digital asset with real-world payment utility.</p> 
<p>This development is significant for the U.S. financial markets because it enables accredited investors to access XRP, a major player in the cross-border payments industry. By introducing an investment vehicle for XRP, Grayscale is opening the door to broader institutional interest, increased capital inflows, and potentially advancing the case for a future XRP-based ETF.</p> 
<p>This launch could pave the way for other crypto investment products into XRP, such as a spot XRP ETF, further integrating digital assets into traditional financial markets.</p> 
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   <p lang="und" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$XRP</a> ETF ? <a rel="" href="https://t.co/XZZKJutjKh" target="_blank">https://t.co/XZZKJutjKh</a> <a rel="" href="https://t.co/A7SMvIuj58" target="_blank">pic.twitter.com/A7SMvIuj58</a></p>— Tomket Lovers | Trading &amp; Airdrop (@TomketLovers) <a href="https://twitter.com/TomketLovers/status/1834213142018359599?ref_src=twsrc%5Etfw" target="_blank">September 12, 2024</a>
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<p>Grayscale’s XRP Trust follows the company’s success in <a rel="" href="https://crypto.news/grayscale-vaneck-file-form-8-a-for-spot-bitcoin-etfs/">converting</a> its Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) and Ethereum (<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>) trusts into ETFs after winning a <a rel="" href="https://crypto.news/u-s-sec-delays-grayscale-spot-ethereum-etf/">lawsuit</a> against the SEC. Although an XRP ETF isn’t currently available, Grayscale’s four-phase product plan leaves the possibility open for future regulatory approval.</p> 
<p>XRP is currently trading at $0.57, significantly lower than its 2018 all-time high of $3.84. However, since this news was released, the price of XRP has increased by over 8% in the last 24 hours.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/coinbase-launches-cbbtc-a-wrapped-bitcoin-token/"> Coinbase launches cbBTC, a wrapped Bitcoin token </a> </p> 
<h2 class="wp-block-heading" id="xrp-etf-next">XRP ETF next?&nbsp;</h2> 
<p>In May, Standard Chartered <a href="https://crypto.news/standard-chartered-xrp-etf-next/" target="_blank">analysts projected</a> that Ripple ETFs could launch in 2025, following the approval of Ethereum ETFs.</p> 
<p>Ripple CEO Brad Garlinghouse previously suggested that multiple token-based ETFs were inevitable, reinforcing speculation about future crypto ETFs.</p> 
<p>A <a href="https://crypto.news/eth-to-btc-trader-exposure-ratio-increased-ahead-of-etf-approval/" target="_blank">spot crypto ETF</a> tracks the price of a specific cryptocurrency and invests portfolio funds into that crypto. These funds are traded on public exchanges and generally track a particular crypto. Like similar funds, crypto ETFs are listed on regular stock exchanges, and investors can hold them in their standard brokerage accounts.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/survey-stablecoins-on-track-to-settle-5-3t-in-2024-despite-hurdles/"> Survey: Stablecoins on track to settle $5.3t in 2024 despite hurdles </a> </p>

Grayscale launches XRP trust: is an XRP ETF next?

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