Victory

Thomas

Bitcoin

In a move that has captured the attention of cryptocurrency enthusiasts and financial analysts, Grayscale has launched the first <a href="https://timestabloid.com/grayscale-rides-with-xrp/" rel="noopener noreferrer nofollow">Grayscale XRP Trust</a>. This decision comes following the conclusion of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple.With the lawsuit now resolved, this development has sparked widespread speculation about the future of Ripple, XRP, and the potential launch of an XRP exchange-traded fund (ETF) or a Ripple initial public offering (IPO).Prominent crypto pundit Luke Thomas (@DEarthshaker) <a href="https://x.com/DEarthshaker/status/1834281099528376429?t=m0ijFN8MVc29IwVYtpI54A&amp;s=19" rel="noopener noreferrer nofollow">highlighted</a> the significance of Grayscale’s decision on X. He pointed out that Grayscale’s previous decision to divest from XRP was directly linked to the SEC’s legal action.Now that the burden of the lawsuit has been lifted from XRP, Thomas believes Grayscale’s launch of the XRP Trust is a positive signal for the future of Ripple and the cryptocurrency market.He emphasized, “The fact that they have now included #XRP back to its fund, with ~3 weeks left for the SEC to appeal the verdict clearly indicates the sentiment that SEC is willing to accept the fine and settle the case.” Once the time for the SEC’s appeal runs out, XRP will be completely free as the only altcoin with <a href="https://timestabloid.com/xrp-is-only-digital-asset-with-legal-clarity-lfg-2024-will-be-big/" rel="noopener noreferrer nofollow">legal clarity</a> in the U.S.<h2 id="strong-what-s-next-for-ripple-and-xrp-strong">What’s Next for Ripple and XRP?</h2>The end of the lawsuit has opened the door for broader institutional involvement in XRP. This speculation has fueled discussions about the potential for an XRP spot ETF, a financial product that would enable investors to trade XRP on traditional stock exchanges.<blockquote class="twitter-tweet">We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TimesTabloid1</a>— TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a></blockquote>The introduction of this XRP Trust has also renewed the hope of investors, as the Bitcoin Trust was Grayscale’s first step before its Bitcoin ETF application. This was delayed because of a legal battle with the SEC over the Bitcoin ETF, where the SEC refused Grayscale’s proposal to turn its Bitcoin Trust into a spot ETF. However, Grayscale <a href="https://timestabloid.com/grayscale-wins-landmark-sec-lawsuit-paving-the-way-for-bitcoin-etf-review/" rel="noopener noreferrer nofollow">won the lawsuit</a>, which paved the way for its Bitcoin ETF application and subsequent approval.As ETFs become a popular way for traditional investors to gain exposure to cryptocurrencies, the approval of an XRP ETF could represent a major milestone for both Ripple and the wider cryptocurrency industry. The success of such an ETF would also legitimize XRP as a financial asset, following the tumultuous legal battle with the SEC.In addition to the ETF speculation, rumors of a Ripple IPO have been circulating for some time. Thomas, along with other industry observers, has suggested that <a href="https://timestabloid.com/brad-garlinghouse-discusses-ripple-ipo-latest-development/" rel="noopener noreferrer nofollow">Ripple could launch an IPO</a> as early as 2025.An IPO would mark a significant step in Ripple’s evolution from a startup into a fully public company, providing additional capital and resources to expand its offerings and global reach.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on <a href="https://twitter.com/TimesTabloid1" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="noopener noreferrer nofollow">Google News</a>The post <a href="https://timestabloid.com/expert-says-grayscale-xrp-trust-relaunch-means-no-sec-appeal-of-xrp-victory/" rel="noopener noreferrer nofollow">Expert Says Grayscale XRP Trust Relaunch Means No SEC Appeal of XRP Victory</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Expert Says Grayscale XRP Trust Relaunch Means No SEC Appeal of XRP Victory

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