Brad Garlinghouse was pleasantly surprised with the debut of an XRP trust.
Grayscale announced plans for an XRP trust which might become an ETF in future.
XRP token is up 5.7% in the past 24 hours with a 105% surge in trading volume.
Ripple CEO Brad Garlinghouse foresees a significant rise in XRP transfers as Grayscale prepares to launch an XRP investment trust, potentially paving the way for an XRP exchange-traded fund (ETF).
Garlinghouse expressed he was pleasantly surprised of Grayscale’s announcement, on X (formerly Twitter), stating:
“As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow.”
Grayscale’s XRP trust, the first of its kind in the United States, will be a closed-end fund offering accredited investors direct exposure to XRP, the seventh-largest cryptocurrency by market cap.
SCOOP: Grayscale to launch first US XRP trust, paving way for potential ETF@Grayscale is announcing the launch of the U.S.’s first XRP Trust, a so-called “closed-end” fund that will offer accredited investors direct exposure to $XRP.https://t.co/fjUdyAd7Nn
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