Grayscale Aims to Convert XRP Trust into Spot ETF
- Grayscale Investments is applying to convert its XRP Trust into a spot ETF.
- The XRP Trust was launched in September 2024 with a three-month yield of 235.24%.
- Grayscale seeks to become the sixth US counterparty interested in launching a spot XRP ETF.
- XRP’s market value remains steady, trading slightly above $3.
- Increased activity from ETF issuers is expected in early February 2025.
Grayscale Investments has applied to convert its XRP Trust, launched in September 2024 with a notable three-month yield of 235.24%, into a spot ETF. Despite this move, XRP’s market value remains stable at just over $3.
Source (2.6)https://hodl.press/grayscale-seeks-to-convert-xrp-trust-into-spot-etf/?rand=24434
