A FOX reporter announces good news for the XRP coin: next week.
Yesterday, Grayscale, in collaboration with the New York Stock Exchange, filed an important registration statement for an ETF of $XRP . The filing informs the SEC about Grayscale's decision to convert its already developing XRP Trust into an ETF, thus providing even more access to $XRP amid growing institutional interest.
In this regard, the #Grayscale XRP Trust was relaunched five months ago. Since then, it has increased by more than $16 million in assets under management. According to the latest filing with the #SEC, the trust is among the most prominent #XRP coin funds worldwide.
The news of this filing has created a stir in the $XRP coin community. Amid this excitement, FOX reporter Terrett revealed that more filings are being prepared. He also noted that this could happen as soon as next week. "Stay tuned for more filing activity from issuers with XRP ETFs next week," Terrett wrote in his post.
In response to these events, members of the XRP community see them as additional signs of the enormous demand for XRP in traditional financial markets. The co-founder of XRPCafe, Vet, emphasized in a tweet that XRP ETF applications will not happen without demand. "Customers want it," said Vet, highlighting how investors are increasingly investing in XRP.
Meanwhile, the app that many in the $XRP community are most eager to see is that BlackRock, a financial giant with $10 trillion in assets under management, already has ETF products for Bitcoin and #Ethereum.
#XRPETF