#XRPETFIncoming?
Grayscale Investments has filed with the New York Stock Exchange (NYSE) to convert its XRP Trust into a spot XRP ETF. If approved, investors will be able to buy and sell shares of the fund, which is pegged to the market price of XRP, on a regulated exchange.
✅ Other major companies such as CoinShares and Bitwise have also filed for XRP ETFs, indicating growing interest from institutional investors in the asset.
✅ In Europe, WisdomTree launched the WisdomTree Physical XRP ETP in November 2024, offering investors physically collateralized exposure to XRP with a 0.50% fee. The product is already traded on Deutsche Börse Xetra, SIX Swiss Exchange, Euronext in Paris and Amsterdam.
What does this mean?
The increase in applications for XRP ETFs and ETPs indicates the integration of the asset into traditional financial markets. If the SEC approves a spot ETF for XRP, it could increase liquidity and trust in the asset, attracting new investors