Grayscale’s Bold Move: Filing for an XRP ETF on NYSE!
Big news in the crypto world! Grayscale has officially applied to the SEC to convert its XRP Trust into a spot XRP ETF on NYSE Arca. This move could open the doors for more institutional investors, providing exposure to XRP without the complexity of direct ownership.
With major players like CoinShares, WisdomTree, and Bitwise also filing for XRP ETFs, it seems the race for regulated crypto investment products is heating up!🔥
However, XRP remains in the spotlight due to its ongoing legal battle with the SEC. Despite short-term price dips, XRP has surged 44.9% over the past month, sparking optimism about a potential new all-time high.
💡 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
What are your thoughts? Could an XRP ETF push the price past $4.5? 📈💬
