Grayscale set to launch XRP trust ETF
Crypto Briefing
Grayscale is preparing to convert its private XRP Trust into a spot ETF to broaden investor access to XRP.Summary
Grayscale is moving forward with plans to launch an XRP trust ETF (GXRP), which would allow broader investor access to XRP through a regulated investment vehicle. Currently, the Grayscale XRP Trust operates as a private placement for accredited investors, tracking XRP's price via a reference rate. Recent regulatory filings show that Grayscale has updated its registration statement, including amendments to facilitate the conversion of the trust into a spot exchange-traded fund structure. This move positions Grayscale alongside other fund managers seeking to offer regulated investment products for XRP.
(Source：Crypto Briefing)