• Brad Garlinghouse was pleasantly surprised with the debut of an XRP trust.

• Grayscale announced plans for an XRP trust which might become an ETF in future.

• XRP token is up 5.7% in the past 24 hours with a 105% surge in trading volume.

Ripple CEO Brad Garlinghouse foresees a significant rise in XRP transfers as Grayscale prepares to launch an XRP investment trust, potentially paving the way for an XRP exchange-traded fund (ETF).

Garlinghouse expressed he was pleasantly surprised of Grayscale’s announcement, on X (formerly Twitter), stating: 

“As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow.”

Grayscale’s XRP trust, the first of its kind in the United States, will be a closed-end fund offering accredited investors direct exposure to XRP, the seventh-largest cryptocurrency by market cap.

SCOOP: Grayscale to launch first US XRP trust, paving way for potential ETF@Grayscale is announcing the launch of the U.S.’s first XRP Trust, a so-called “closed-end” fund that will offer accredited investors direct exposure to $XRP.https://t.co/fjUdyAd7Nn

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