Grayscale has filed a Form 19b-4 with the New York Stock Exchange to convert its XRP Trust to an Exchange-Traded Fund (ETF) on January 30.
It was the trust that was Introducing on 12 September CoinShares currently has $16,000,000, which is equivalent to 1.2% total assets managed by XRP ETPs. reported.
The crypto-community began to speculate about an ETF when the trust first appeared.
JPMorgan recently estimated that ETPs for XRP could bring in between $4 and $8 billion. Estimates were based off of the respective market values for Bitcoin (BTC), Ethereum(ETH) and XRP ETPs.
ETF run
The lack of past futures contracts is one of the main arguments used against the approval of an XRP-based ETF. However, the lack of previous futures contracts for these assets is a common argument against approval. CME Page Leaked On February 10th, XRP Futures and Solana futures will be launched.
CME didn’t release a statement despite the leak. The page was removed quickly.
Bloomberg ETF analysts Eric Balchunas, and James Seyffart disagree. predicted A “wave of crypto ETFs” Included in the XRP Funds this year.
They said that it might be a long time before they can do so, considering the US Securities and Exchange Commission’s (SEC) claims that XRP was an unregistered securities.
As President Donald Trump becomes more active, the chances that an XRP ETF will be approved may rise. Talking about a rumor Ripple XRP (XRP), USD Coins (USDC) and SOL could be added to a possible digital assets stockpile.
There are five more XRP exchange-traded funds (ETFs) that you can buy in addition to Grayscale XRP Trust, filed by Bitwise, Canary Capital, 21shares, WisdomTree, and Rex & Osprey, await approval.
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