XRP ETF Conversion Grayscale Proposal

Grayscale Proposes XRP Trust Conversion to ETF

• Grayscale Investments filed with the SEC to convert its XRP Trust into an ETF.
• The ETF will be listed on the New York Stock Exchange (NYSE).
• The existing trust manages over $16 million in XRP.
• Other firms like CoinShares and Bitwise have also applied for XRP-based ETFs.
• XRP Ledger’s DEX swap volumes exceeded $1 billion since May.

Grayscale Investments aims to convert its $16 million XRP Trust into an ETF, reflecting increased institutional interest in structured XRP products. Trading volumes on XRP-native platforms have surpassed $1 billion, marking significant growth.