Grayscale Takes Another Step Towards $XRP Spot ETF

NYSE #Arca has filed with the SEC to convert the Grayscale XRP Trust into a spot ETF. This move follows Grayscale's recent victory against the #SEC regarding the conversion of its Bitcoin Trust into a spot #ETF .

The filing marks a significant step in the ETF approval process. If approved, the XRP Trust would become the first spot crypto ETF in the US, offering investors a regulated way to gain exposure to XRP.

The trust currently holds approximately $16.1 million in assets.

🔔 Price of XRP has decreased by -2.26% in the past 7d.

Ripple (XRP)

🔸 Price: $3.09 USD

🔸 24hr Change: -1.10%

🔸 7d Change: -0.6918%

🔸 24hr High: 3.15 USD

🔸 24hr Low: 3.06 USD