XRP ETF Countdown Begins: Grayscale Filing

Grayscale’s XRP ETF Filing Triggers SEC Review

• The filing for Grayscale’s XRP ETF has been published, initiating a 21-day comment period.
• The SEC is expected to make a decision by October 18 on whether to approve, deny, or further review the ETF.
• XRP’s price is currently $2.66, having increased by over 381% in the past year.
• The SEC lawsuit against Ripple involves allegations of raising over $1.3 billion through unregistered sales.
• Approval of the ETF could increase institutional investment and legitimize digital assets as an investment class.

The SEC’s decision on Grayscale’s XRP ETF filing is anticipated by October 18, following a public comment period. XRP has surged over 381% in the past year despite ongoing legal challenges with the SEC.