Grayscale Files for Spot XRP ETF With NYSE

In what is simply a monolithic improvement for the cryptocurrency market, Grayscale has officially filed for a Spot XRP ETF with the New York Stock Exchange (NYSE). Indeed, a recent filing with the US Securities and Exchange Commission (SEC) revealed the latest filing to bring the crypto concern conveyance to market.

Grayscale joined 5 plus managers, including Bitwise and WisdomTree, arsenic prospective issuers of the exchange-traded fund. Moreover, the steadfast is besides seeking to contented a Spot Solana ETF successful what would beryllium a crippled changer for the manufacture that has enjoyed a monolithic displacement successful argumentation wrong the United States.

JUST IN: Grayscale files for Spot $XRP ETF with the NYSE.

Also Read: Ripple President Says Spot XRP ETF is ‘Next successful Line’

Grayscale Files for XRP ETF arsenic Altcoin’s Look to Join Bitcoin and Ethereum

It is unthinkable to fathom however accelerated things person changed for the integer plus assemblage successful the United States. Just past year, Ripple was engaged successful a years-long ineligible conflict with the SEC. Indeed, it was warring an medication that sought to modulate the manufacture done enforcement and challenged XRP’s presumption astatine each turn.

Now, things person greatly changed. With the accomplishment of pro-crypto President Donald Trump, the SEC has turned around. Mark Uyeda has taken implicit arsenic the agency’s chairman, with Gary Gensler resigning this month. Subsequently, Grayscale has officially filed for a Spot XRP ETF with the NYSE.

Source: CoinPedia

Also Read: Ripple Up 2% connected ETF News: How High Can XRP Go successful January?

The steadfast already has an XRP Trust that has been thriving passim this twelvemonth truthful far. At the commencement of January, the spot jumped 300%, according to Nasdaq, connected speculation of a imaginable XRP ETF implicit the adjacent 12 months. In 2024, the United States approved conscionable 2 crypto-based ETFs for some Bitcoin and Ethereum.

Those had paid off, with the erstwhile being called the top ETF motorboat successful history. There are precocious hopes for a slew of altcoins that could beryllium the taxable of akin concern vehicles. Alternatively, Grayscale had filed for a Solana ETF precocious past twelvemonth and launched a Bitcoin Miners ETF Thursday.