According to BlockBeats, according to FOX Business, Grayscale will launch the first US XRP trust to pave the way for potential ETFs. Grayscale announced that it will launch the first XRP trust fund in the United States, a so-called "closed-end" fund that will provide qualified investors with direct investment opportunities in XRP.
Trusts and ETFs are two different investment products. ETFs must be approved by the SEC because they are marketed directly to retail investors, while trusts are less regulated in their structure and sales pitches to so-called accredited investors. Even so, a trust can become an ETF as long as it obtains the proper regulatory approvals.
