The post Just In: Grayscale Files For Spot XRP ETF appeared first on Coinpedia Fintech News
In a recent development, Asset manager Grayscale has filed a 19b-4 form through the NYSE to offer an XRP ETF. The asset manager is looking to convert its XRP Trust into an ETF, which will be listed and traded on the NYSE. This comes just days after the asset manager filed for a Litecoin and Solana ETF. Also, recently, the company launched its Bitcoin Miners ETF to support BTC mining. With its XRP ETF filing, Grayscale becomes the seventh asset manager to submit a proposal for such a fund. This filing is part of a wave of ETF applications submitted to the SEC following Donald Trump’s return to office and Gary Gensler’s exit from the Commission.