Grayscale has launched trading on its XRP Trust fund, which could potentially be converted into an XRP ETF in the future. The trust allows accredited investors to have exposure to XRP without directly buying and storing the asset. However, the trust's price declined when trading began. Meanwhile, 21Shares has submitted an official application for an XRP ETF, joining several other firms in the race for regulatory approval. The SEC has yet to provide any clarity on the likelihood of approving these products.



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