The cryptocurrency industry might be nearing a crucial moment: Grayscale Investments has submitted a proposal to the SEC to convert its XRP Trust into an ETF (Exchange-Traded Fund). This development comes amid growing interest in cryptocurrency-linked ETFs, opening new opportunities for traditional investors. The proposed fund would maintain XRP as the main asset, tracking its performance on a price return basis. But what are the implications of this move and what could it mean for the market?
Grayscale: is the ETF on XRP a concrete possibility?
In January, Monica Long, president of Ripple Labs, stated that an ETF on XRP could become “soon a reality” under the new Trump administration. Her words reflect a climate of greater regulatory openness towards financial instruments linked to digital assets. This context has likely encouraged Grayscale Investments, a leading company in digital asset management, to propose the conversion of its XRP Trust into an ETF, with the aim
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