XRP ETF

ETF COIN

Grayscale Investments officially&nbsp;<a href="https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2025/SR-NYSEArca-2025-06.pdf" rel="noopener noreferrer nofollow">filed</a> to convert its&nbsp;Grayscale XRP Trust into a&nbsp;spot exchange-traded fund (ETF) at the&nbsp;New York Stock Exchange (NYSE). If approved, the trust—currently holding&nbsp;$16.1 million in assets—will transition into a fully regulated investment vehicle for XRP.This move is part of Grayscale’s broader push to bring more crypto-based ETFs to market, following its recent applications for&nbsp;Litecoin and Solana ETFs.&nbsp;Grayscale's latest&nbsp;19b-4 filing outlines key details about the proposed XRP ETF:<ul><li>Coinbase Custody Trust will act as the fund’s&nbsp;custodian, ensuring secure storage of XRP.</li><li>BNY Mellon Asset Servicing will serve as the&nbsp;transfer agent.</li><li>The ETF will be listed on&nbsp;NYSE Arca, pending regulatory approval.</li></ul>This structured approach aims to&nbsp;address past regulatory concerns about custody, compliance, and market surveillance—potentially improving the chances of SEC approval.Grayscale's XRP ETF, if approved, would:<ul><li>Provide&nbsp;regulated exposure to XRP for traditional investors.</li><li>Increase&nbsp;institutional adoption of the token.</li><li>Boost&nbsp;liquidity and price stability in the XRP market.</li></ul><h2 id="span-span-strong-a-changing-regulatory-landscape-strong-span-span">A Changing Regulatory Landscape</h2>Grayscale’s filing comes at a time when the&nbsp;U.S. Securities and Exchange Commission (SEC) is experiencing major shifts. The recent departure of&nbsp;former SEC Chair Gary Gensler and the appointment of&nbsp;crypto-friendly figures under President Donald Trump’s administration have sparked optimism about regulatory changes.The SEC approved&nbsp;spot Bitcoin and Ethereum ETFs last year, paving the way for other cryptocurrencies like XRP, Solana, and Litecoin to receive similar treatment. With a&nbsp;new crypto task force led by SEC Commissioner Hester Peirce, the regulatory agency is now focusing on&nbsp;clear guidelines for digital assets, registration paths, and enforcement priorities.<h2 id="span-span-strong-the-growing-race-for-crypto-etfs-strong-span-span">The Growing Race for Crypto ETFs</h2>Grayscale is not alone in its efforts to expand the crypto ETF market.&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/2048583/000121390025006543/ea0228579-s1_coinshares.htm" rel="noopener noreferrer nofollow">CoinShares</a>, Bitwise, ProShares, WisdomTree, and REX Shares have all submitted filings for&nbsp;XRP-based ETFs, signaling strong institutional interest in the token.Meanwhile, the SEC’s recent&nbsp;lack of immediate action on the Solana ETF filing suggests a more detailed review process. However, with the new administration’s&nbsp;pro-crypto stance, analysts expect&nbsp;a wave of approvals for additional spot crypto ETFs in the coming months.

Grayscale Joins the XRP ETF Race—Will the SEC Approve?

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Další články publikované 31. 1. 2025

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