Just In: Grayscale Files For Spot XRP ETF

The post Just In: Grayscale Files For Spot XRP ETF appeared first on Coinpedia Fintech News

In a recent development, Asset Manager Grayscale has filed a 19b-4 form through the NYSE to launch an XRP ETF. It is aiming to convert its XRP Trust into an ETF that will be listed and traded on the exchange. This filing comes shortly after the company filed for Litecoin and Solana ETFs. Additionally, Grayscale recently introduced its Bitcoin Miners ETF to support BTC mining. With its XRP ETF filing, Grayscale becomes the seventh asset manager to submit a proposal for such a fund. This filing is part of a wave of ETF applications submitted to the SEC following Donald Trump’s return to office and Gary Gensler’s exit from the Commission.