Notable crypto community figures are increasingly convinced that XRP will be the next crypto asset to secure an ETF listing, with some issuing immediate timelines to watch.
This confidence follows the latest announcement from Grayscale, one of the most prominent crypto asset managers, launching an XRP Trust.
On Thursday, Grayscale Investments introduced the Grayscale XRP Trust, providing investors with a new way to tap into XRP’s potential. The trust offers exposure to XRP, and by investing in it, eligible investors can gain access to a protocol with significant real-world applications, according to Rayhaneh Sharif-Askary, Grayscale’s Head of Product.
Remarkably, the Grayscale XRP Trust opened for daily subscriptions for accredited individual and institutional investors after yesterday’s announcement. It will operate similarly to Grayscale’s other single-asset investment trusts, focusing solely on the XRP token.
This announcement excited the XRP Army, who believe it’s a step toward launching an XRP ETF.
