$XRP
Grayscale's new layout is here❗️
The first US XRP trust is launched, and the road to ETF is about to begin❓
New opportunities in the crypto market are coming❗️
Grayscale's new trend:
🔥 The first US XRP trust is launched, paving the way for ETF 🔥
On September 12, FOX Business News (FOX BUSINESS)
The first XRP trust is defined as a "closed-end" fund.
The trust will provide qualified investors with the opportunity to invest directly in XRP.
Comparison between trust and ETF:
Regulatory differences: ETFs need to be approved by the US Securities and Exchange Commission because they are sold directly to retail investors;
The structure of the trust and sales promotion to qualified investors are subject to looser supervision.
Potential for transformation: Despite the differences, trusts may also be transformed into ETFs as long as they obtain appropriate regulatory approval.
Grayscale's move not only brings new investment channels for XRP investors, but also lays the foundation for potential ETF products in the future, indicating that the cryptocurrency market may usher in new development opportunities.
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