XRP ETF Could Pave Way for Wall Street
While the SEC remains hawkish, the financial sector continues to make headway. The Grayscale XRP Trust, which already has $16.1 million under management, is set to convert into an ETF. After a relaunch that generated a 300% return in Q4 2024, the fund could be listed on the NYSE, giving institutional investors easier access to the token.#XRPETFIncoming?
“ETFs are the holy grail of XRP,” one investor gushed. Indeed, the massive influx of institutional capital could drive the token to new all-time highs. However, for that to happen, the SEC would need to approve the ETF—ironic, considering the agency itself is suing Ripple.#xrp
