$XRP
Grayscale Investments, a leading crypto investment firm, has introduced a new closed-end fund dedicated to $XRP. The fund allows accredited investors to gain exposure to the asset without having to purchase the tokens directly. The word “closed-end” in the product means that only a select few firms/investors can access the product.
The launch follows Ripple’s significant legal victory against the US Securities and Exchange Commission (SEC). The victory is seen as reducing regulatory risk and paving the way for wider adoption. Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, emphasized the potential of $XRP. He noted its ability to transform the financial system, especially for cross-border payments.
