Grayscale files for XRP ETF with NYSE

Grayscale Investments filed with the New York Stock Exchange to offer a fund translated on the XRP Stock Exchange.

This file aims to convert Existing XRP TRUST in one ETFallowing actions to be listed and exchanged on the NYSE.

“The trust is one of the greatest investment funds XRP (“ XRP ”) in the world by assets under management on the date of this file. The trust has about $ 16.1 million in management assets, 5 and its shares are held by American investor accounts requesting exposure to XRP without the cost and complexity of the purchase of the asset directly ” ‘, The deposit indicates.

Earlier on January 30, Grayscale also introduced The fund negotiated in exchange for Bitcoin minors in gray levels, a new fund offering exposure to Bitcoin operating companies listed in Bitcoin in the context of TICKER MNR.

ETF XRP spot

A negotiated stock market fund is an investment fund that holds assets such as stocks, basic products or cryptocurrencies and is negotiated on the stock market.

An XRP spot (Xrp) ETF would provide investors with direct exposure to XRP market prices without having to directly maintain cryptocurrency.

The Graycale deposit is part of a broader trend in asset managers seeking to introduce FNB focused on cryptocurrency. Recently, gray levels also deposited For an ETF following Solana, indicating a strategic decision to extend its investment offers in cryptography.

In September 2024, Grayscale launched the Grayscale XRP Trust, which provided with accredited investors an exposure to XRP.