Grayscale Launching First US XRP Trust Fund
In a massive development for the crypto, Grayscale is set to launch the first US XRP trust. Indeed, the crypto asset manager announced the trust’s development on Thursday. Moreover, it will serve as a “closed-end” fund to grant certain investors XRP exposure, a Fox Business report states. The development has reignited talk of an XRP ETF. The asset management firm had two previous crypto investment trusts for Bitcoin and Ethereum. Earlier this year, both of those eventually became ETFs, with the products receiving approval earlier this year. JUST IN: Grayscale to launch $XRP trust fund. — Watcher.Guru (@WatcherGuru) September 12, 2024 Also Read: Grayscale Reveals Investment Trust For Avalanche AVAX Grayscale to Launch XRP Trust: Is an ETF Next? At the start of the year, few cryptocurrencies had the kind of potential XRP had. With Ripple’s years-long US Securities and Exchange Commission (SEC) lawsuit coming to an end, traders saw massive gains as a possibili...