🔥Historic! Grayscale takes the first step towards a possible XRP ETF 🤔
Grayscale announces that it is planning to launch a #XRP “closed” fund in the United States, which will allow #inversores to gain exposure to the popular #token .
According to Fox Business, the asset management company is ready to launch the first XRP trust in the United States, with a plan that opens up the possibility of becoming a #ETF. in the future.
The difference between a Trust and an ETF is that, while an ETF needs approval from the United States Securities and Exchange Commission (#SEC ) to be presented to retail investors, a Trust uses a different structure, with a sales pitch aimed at a few select investors. The price of the XRP token rose by more than 8% following this announcement.
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