CandleFocus Grayscale XRP Trust Set to End 2024 With Over 300% Gains
2024-12-26
Author: Content Editor
The Grayscale XRP Trust is expected to end 2024 with a gain of over 300% due to XRP's strong performance in November and December. XRP's gains were primarily driven by pro-crypto sentiment following Donald Trump's election victory and a potential resolution to the SEC lawsuit against Ripple. The positive performance of Grayscale's XRP Trust may help push for the approval of XRP ETFs, with several asset managers already planning to launch them. However, the approval timeline could extend to July 2025 as the SEC typically takes 240 days to respond to ETF applications.
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