Greyscale Proposes XRP ETF: Latest Info!

Bittime - The well-known investment company, Grayscale, officially submitted an application to the US Securities and Exchange Commission (SEC) to change XRP Trust to be exchange-traded fund (ETF). 

ETF SPOT XRP

If approved, this fund will become an ETF spot the first to directly track the price of XRP, expanding investors' access to the crypto asset. The filing released last Thursday stated that Coinbase Custody will act as the asset custodian, while BNY Mellon manages the funds transfer service.

Strategic Steps Under Crypto-Friendly Regulations

This initiative is in line with the promise of the Donald Trump administration, which returned to power last November, to push the US to become a global center for crypto innovation. Grayscale, which previously converted successfully Bitcoin Trust (January 2024) and Ethereum Trust (July 2024) became an ETF, now expanding its portfolio. 

They also filed an ETF for Digital Large Cap Fund—a portfolio that includes Bitcoin, Ethereum, Solana, and XRP. In the January 2025 rebalancing, Bitcoin and Ethereum's share was raised to 90%, replacing Avalanche with Cardano.

Read too XRP ETF: List of 4 Investment Companies Proposing Exchange Traded Funds Ripple Coin

Investor Interest Soars, XRP Price Translucent 525%

Demand for XRP continues to skyrocket, reflected in the price increase of this asset more than 525% in the last year. Currently, XRP is trading at approx 

$3.13, close to its record high at 3,40. Through ETF XRP, institutional and retail investors can gain exposure to XRP without needing to purchase the asset directly—a practical solution that the market is interested in.

Read too How to Buy XRP (XRP)

Crypto ETF Trend Is Getting Hotter

Grayscale isn't the only player. Companies such as Rex Shares, Canary Capital, and 21Shares have also filed for XRP ETFs in recent months. In fact, a number of Solana ETF applications that were previously rejected by the SEC were resubmitted earlier this month. 

This wave of filings was driven by Trump's pro-crypto policies, with assets such as Chainlink, Cardano, Polkadot, etc same corner TRUMP and BONK are also targets of the new ETF.

Read too Litecoin, Solana, and XRP ETFs: Which Will Be Approved First?

What Does This Mean for the Market?

1. Wider Access: ETFs allow traditional investors to participate in the crypto market with more controlled risk.

2. Increased Liquidity: The presence of an ETF can increase trading volume of XRP and other crypto assets.

3. Clearer Regulations: The endorsement of this ETF may be a positive signal for the adoption of more mature crypto regulations.

Conclusion

With investor enthusiasm and strong political support, Grayscale's move has the potential to open a new chapter in the integration of crypto into the mainstream financial system. However, the SEC's decision is still a major determinant—will XRP follow the success of Bitcoin and Ethereum? Stay tuned for developments! 

FAQ about Grayscale's XRP ETF Proposal

What is the XRP ETF proposed by Grayscale?

The XRP ETF is an exchange-traded fund planned by Grayscale to track the price of XRP directly, giving investors easier access to the crypto asset.

What are the benefits of an XRP ETF if approved?

If approved, an XRP ETF would allow investors to invest in XRP without having to purchase and hold the coins directly, as well as provide greater transparency and liquidity.

When will Grayscale apply for an XRP ETF?

Grayscale applied to convert its XRP Trust into an ETF last Thursday, in hopes of getting approval from the US Securities and Exchange Commission (SEC).

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Reference

Liz Napolitano, Grayscale Seeks XRP ETF Approval as Trump-Era Regulators Warm to Crypto, Accessed January 31, 2025

Author: IN