Grayscale XRP Trust Ends 2024 With 300% Growth – Will an XRP ETF Launch Soon?
According to reports, Grayscale XRP Trust ended 2024 with an impressive growth of over 300%, increasing from $10.85 to $45.46 per share since its relaunch in September 2024. This growth was mainly driven by the sharp rise in XRP price, partly due to the wave of support for the cryptocurrency following Donald Trump's election victory. Additionally, positive developments in the lawsuit between Ripple and the SEC, along with expectations of XRP ETF approval, also contributed to this growth. The outstanding performance of the Grayscale XRP Trust has sparked many discussions about the possibility of launching an XRP ETF soon, with support from influential figures in the crypto community such as Ben Armstrong (Bitboy) and the participation of major asset management companies such as Canary Capital and Bitwise. However, XRP ETF approval still depends on many factors and nothing is guaranteed.
