Grayscale has filed a 19B-4 form to the New York Stock Exchange (NYSE) to trade XRP Trust on January 30. This is equivalent to converting the product to an exchange fund (ETF).
Reliable was so Introduced on September 12 Currently, as a coin share, we have $ 16 million, equivalent to 1.2 % of total assets under the management of XRP Exchange-Traded products (ETP). It has been reported。
When the trust was introduced, the Crypto community began to guess potential ETF submission.
Recently, JPMORGAN estimates that XRP ETPS can attract $ 4 billion to $ 8 billion. Estimated, it was used based on Bitcoin (BTC) and Ethereum (ETH) products and each market capitalization.
ETF execution
One of the most common arguments on approval of XRP ETF is that there is no previous futures contract for these assets. But A Leaked CME page The XRP and SOLANA (SOL) Futures released on February 10 were implied.
Despite the leak, the CME did not publish the official statement and the page was immediately deleted.
Nevertheless, the analyst of Bloomberg ETF Eric Barknas and James Sefarat Predicted This year, the “Crypto ETF wave” including the XRP fund.
However, in consideration of the US Securities and Exchange Commission (SEC) litigation, which claims that XRP is an unregistered security, they may take some time.
Because President Donald Trump is, the possibility of XRP ETF approval may increase. According to what can be conveyed, I'm talking to Ripple To add XRP, USD coin (USDC), and SOL to the potential digital stockpile of the country.
In addition to the Gracecale XRP Trust, the other 5 spots XRPETFS(。
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Gino Matos
Gino Matos is a graduate of the school school and a veteran journalist with six years of experience in the encryption industry. His expertise mainly focuses on the development of Brazil blockchain eco systems and distributed financial (Defi).
