CandleFocus Grayscale Sets Stage for XRP ETF with Launch of U.S. XRP Trust for Accredited Investors
2024-09-15
Author: Content Editor
Crypto asset manager Grayscale Investments has launched the US XRP Trust, potentially paving the way for an XRP Exchange Traded Fund (ETF). The move allows accredited investors to gain exposure to XRP and diversify their crypto portfolios. Grayscale's Bitcoin and Ethereum Trusts have already evolved into ETFs, suggesting a similar transformation for XRP. Ripple CEO Brad Garlinghouse has previously stated that an XRP ETF is inevitable. Meanwhile, Ripple has acquired Standard Custody & Trust, positioning itself as a qualified custodian to comply with federal legislation. Technical analysis suggests a potential upsurge for XRP.
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