Grayscale Files to Convert XRP Trust into ETF
- Grayscale filed a 19b-4 Form with the NYSE on Jan. 30 to convert its XRP Trust into an ETF.
- JPMorgan estimates XRP ETPs could attract $4 billion to $8 billion.
- A leaked CME page suggested potential XRP and Solana futures, but no official statement was made.
- Bloomberg analysts predict a wave of crypto ETFs, including XRP funds, despite SEC lawsuits.
- Five other spot XRP ETFs await approval from various firms.
Grayscale’s filing with the NYSE aims to convert its XRP Trust into an ETF, potentially attracting significant investment as estimated by JPMorgan. Five additional spot ETFs are pending approval.
Source (2.6.1)https://cryptoslate.com/grayscale-files-to-convert-its-xrp-into-an-etf/?rand=24433
