Grayscale's XRP Trust A Step Towards Mainstream Adoption for XRP

  • Ben Armstrong has predicted a bright future for XRP.

  • Grayscale recently launched an XRP trust.

  • Analysts believe Grayscale will convert the XRP trust to a spot ETF in the future.

Crypto analysts have forecasted a bright future for XRP after recent developments at Ripple. On X (formerly Twitter), they expressed their belief that XRP has institutional interest and that the “XRPArmy” will succeed. This optimism is seen as the start of a significant upward movement for Ripple.

Do people understand now why I've been telling everyone that $XRP has institutional interest now and $ADA simply doesn't?

This is just the beginning for big @Ripple moves. The #XRPArmy will prevail.https://t.co/FnjxsLgNiN

— BitBoy (@BenArmstrongsX) September 12, 2024

This positive outlook stems from the launch of an XRP trust by Grayscale, a leading US-based crypto asset manager. This new trust provides accredited investors direct access to XRP. Many in the crypto community speculate that this could lead to Grayscale launching an XRP exchange-traded fund (ETF).

Analysts point out that Grayscale launched Bitcoin and Ethereum ETFs earlier this year, both of which began as trust funds. Th…

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