Grayscale is launching the first US-based XRP Trust, providing select investors with exposure to the Ripple token through a "closed-end" fund. Speculation is growing that an XRP ETF could be next in line following the success of its Bitcoin and Ethereum trusts, which were converted into ETFs earlier this year.
Friday, September 13, 2024Grayscale has announced the launch of the first U.S. XRP Trust, providing select investors with exposure to the Ripple token. Following a similar trajectory to its Bitcoin and Ethereum trusts, which eventually became ETFs, the market is now speculating that an XRP ETF could be next.