đ± What's Next for XRP? Grayscale's XRP Trust Paves the Way for an ETFâHere's What's Ahead! đ
As reported by The Crypto Basic, Grayscale Investments, a leading name in crypto asset management, has just launched its XRP Trust. This move offers accredited investors a way to gain exposure to Rippleâs XRP token and represents a crucial first step towards a broader XRP Exchange-Traded Fund (ETF).
However, the journey from a trust to a full ETF involves navigating through four essential stages. This progression is vital as it opens up XRP investments to a wider public.
The launch of the XRP Trust comes amid a surge in institutional interest in XRP, highlighted by Bitnomial Exchange's introduction of XRP futures contracts last month. Such developments often signal a precursor to ETF launches.
Grayscale has demonstrated its ability to convert its investment products into ETFs, successfully transitioning its Bitcoin Trust into an ETF in January 2024, followed by Ethereum in July. With this proven track record, Grayscale is well-positioned to steer XRP towards a similar ETF milestone.#FTXSolanaRedemption #GrayscaleXRPTrust
