Regulation
Grayscale Files For Spot XRP ETF With NYSE
Asset manager Grayscale has filed with the New York Stock Exchange (NYSE) to offer a Spot XRP ETF. This comes just days after the asset manager filed for a Litecoin and Solana ETF.
Grayscale Files For Spot XRP ETF
Grayscale has filed a 19b-4 form through the NYSE to offer an XRP ETF. The asset manager is looking to convert its XRP Trust into an ETF, which will be listed and traded on the NYSE.
The Trust currently holds around $16 million in assets under management (AUM). Grayscale had created the Trust last year, following Judge Analisa Torres’ final judgement in the Ripple SEC case.
This filing comes just days after the asset manager filed with the SEC to offer a Litecoin ETF. Grayscale also filed to offer a Solana ETF and Bitcoin Adapters ETF. More recently, the firm rolled out its Bitcoin Miners ETF to boost BTC mining.
Meanwhile, with its XRP ETF filing, Grayscale becomes the seventh asset manager to file to offer such a fund. This filing also adds to the flurry of ETF applications that have hit the SEC’s desk following Donald Trump’s inauguration and Gary Gensler’s departure from the Commission.
More asset managers are expected to file to offer a similar ETF in the coming weeks. In an X post, FOX journalist Eleanor Terrett said there could be more filing activity by issuers with XRP ETF applications next week.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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