Grayscale seeks SEC approval to convert its XRP Trust into an ETF, aiming for broader investment access.

Grayscale Investments has applied to the SEC to convert its XRP Trust into an ETF on the NYSE, aiming to make XRP more accessible to a broader range of investors. If approved, the $16.1 million XRP Trust would become an ETF, regulated under national securities exchange rules. This move follows similar applications for XRP ETFs by CoinShares and Bitwise, indicating rising institutional interest in structured XRP investments.

2 months ago
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