Grayscale Investments Announces XRP Trust! 🚀
So, what are we getting? 🤔 Grayscale XRP Trust is a fresh product from Grayscale, similar to their MKR and AVAX trusts. These trusts have driven the asset skyrocket in the past, and now it looks like XRP is following suit. XRP prices are up a whopping 7%! 📈
Here's what you need to know:
The trust gives investors access to XRP (yes, the token that powers the XRP Ledger network). This protocol simplifies cross-border transactions – a real cross-border guru. 🌐
Who can invest? Only accredited investors – both retail and institutional. That means the average person can't just walk in and invest. 🏦
Interesting fact: After the approval of Bitcoin spot ETFs, talks about XRP spot ETFs are already underway. Some predict that they will appear in 2025. But, interestingly, Ripple Labs CEO Brad Garlinghouse says that this is not their priority at the moment. 🗓️
The current XRP/USDT rate on Binance is $0.56197532, and in the last 24 hours it has increased by 4.54%. 📊
See you in the crypto world! 👋
