Grayscale has officially filed Amendment No. 2 to its XRP Trust, marking a significant step towards its XRP Exchange Traded Fund (ETF) launch.
This follows an earlier report that Canary Capital has also amended its application to target a launch date of November 13.
Amidst the growing expectations of an XRP Exchange Traded Fund (ETF) launch this month, Grayscale Investment has officially filed an amendment to the registration statement of the Grayscale XRP Trust. According to the update submitted to the US Securities and Exchange Commission (SEC) on November 3, this update details the management, operational plans, and structure of the fund.
More About The XRP Trust Amendment
The updated filing is reported to disclose that the fund would be under the organization of Delaware law and could be traded on NYSE Arca with the ticker symbol GXRP. According to the filing, the Trust would exist as an investment vehicle with no plans to outperform the market performance of XRP.
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