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Grayscale, a prominent digital currency asset manager, has reintroduced an XRP Trust aimed at providing accredited investors with exposure to cryptocurrency. This development may indicate a step forward in the direction of a potential XRP exchange-traded fund (ETF) being accessible to U.S. traders.Initial Trust RemovalThe platform originally removed the <a href="https://www.globenewswire.com/news-release/2021/01/13/2158237/0/en/Grayscale-Investments-Commences-Dissolution-of-Grayscale-XRP-Trust.html" rel="noopener noreferrer nofollow">XRP Trust</a> in 2021 following a Securities and Exchange Commission (SEC) lawsuit against Ripple Labs. The regulatory body alleged the cryptocurrency was an unregistered security, prompting many exchanges to delist XRP.Ripple&#39;s Legal VictoryNevertheless, Ripple has recently won a key <a href="https://cryptotale.org/xrp-vs-sec-ripples-legal-woes-intensify-xrp-price-plummets/" rel="noopener noreferrer nofollow">legal battle</a> against the SEC, which will reduce most of the legal risks associated with the token. Grayscale could reinstate the investment vehicle to qualified purchasers when the pressure was lifted.Related:<a href="https://cryptotale.org/bitcoin-etfs-surge-as-fidelity-and-grayscale-lead-with-massive-inflows/" rel="noopener noreferrer nofollow">https://cryptotale.org/bitcoin-etfs-surge-as-fidelity-and-grayscale-lead-with-massive-inflows/</a>According to Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research stated in a <a href="https://www.globenewswire.com/en/news-release/2024/09/12/2945244/0/en/Grayscale-Investments-Launches-Grayscale-XRP-Trust.html" rel="noopener noreferrer nofollow">press release</a> on Thursday, “We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case.” She highlighted XRP’s ability to enable lightning-quick international money transfers to settle in seconds. Like <a href="https://cryptotale.org/grayscale-avalanche-trust-triggers-avaxs-30-weekly-surge/" rel="noopener noreferrer nofollow">Grayscale’s</a> other single-asset funds, the trust will maintain a 100% allocation to XRP. This grants ownership of the cryptocurrency’s performance without holding the actual coins.<a href="https://cryptotale.org/grayscale-relaunches-xrp-trust-eyes-potential-u-s-spot-etf/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Grayscale Relaunches XRP Trust, Eyes Potential U.S. Spot ETF

CryptoTale

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