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Grayscale Seeks SEC Approval To Convert XRP Trust Into Exchange-Traded Fund
Grayscale Seeks SEC Approval To Convert XRP Trust Into Exchange-Traded Fund Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Grayscale Investments has submitted a proposal to convert its XRP (CRYPTO: XRP) Trust into an exchange-traded fund at the New York Stock Exchange.
The move comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets.
If the SEC grants approval, the Grayscale XRP Trust, currently holding approximately $16.1 million in assets, would transition into an ETF.
Grayscale argues that converting the trust into an ETF would enhance accessibility while ensuring compliance with regulatory standards under a national securities exchange.
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The fund is designed to reflect XRP’s market value while deducting operational fees.
Assets associated with the trust are securely held by Coinbase Custody Trust Company.
This application follows Grayscale’s recent efforts to introduce ETFs for other digital assets, including Solana (CRYPTO: SOL) and Litecoin (CRYPTO: LTC), reinforcing its strategy to integrate cryptocurrencies into conventional investment frameworks.
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Why It Matters: Grayscale is not the only firm eyeing an XRP ETF.
Other financial institutions, including CoinShares and Bitwise, have also submitted similar applications, highlighting increased institutional interest in structured XRP investment products.
The asset’s market capitalization stands at nearly $180 billion, with XRP maintaining its position as one of the top cryptocurrencies, despite trading slightly below its record high of $3.40.
Listing the fund on NYSE Arca would bring XRP investment under the oversight of a national securities exchange, potentially making it more appealing to both institutional and retail investors.
With regulatory approval of spot Bitcoin ETFs already in place, asset managers are increasingly pushing for similar investment products tied to altcoins.
See Also: It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
The SEC’s response to this application will be closely watched, as it could set a precedent for further crypto-based ETFs entering the market.
Grayscale Investments, the world’s largest digital currency asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to convert its XRP Trust into an exchange-traded fund (ETF).The move comes as Grayscale looks to capitalize on the increasing demand for cryptocurrency investment products and provide investors with more options for exposure to digital assets.
The XRP Trust was established in 2019 and currently holds a significant amount of XRP, the digital currency associated with Ripple Labs. By converting the trust into an ETF, Grayscale aims to make it easier for investors to access and trade XRP through a regulated investment vehicle.
If approved by the SEC, the XRP ETF would join a growing list of cryptocurrency ETFs, including those based on Bitcoin and Ethereum. These ETFs have become popular among both retail and institutional investors seeking exposure to the rapidly growing digital asset market.
Grayscale’s decision to seek SEC approval for the XRP ETF demonstrates the company’s commitment to providing innovative investment products in the cryptocurrency space. With the continued expansion of digital asset adoption, the demand for regulated investment vehicles like ETFs is only expected to increase.
As the regulatory landscape for cryptocurrencies continues to evolve, Grayscale’s move to convert the XRP Trust into an ETF could pave the way for more mainstream acceptance of digital assets as an investment class. Investors will be eagerly awaiting the SEC’s decision on the proposal and the potential impact it could have on the cryptocurrency market.
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Grayscale, SEC approval, XRP Trust, exchange-traded fund, cryptocurrency, digital asset, investment, regulatory approval, financial market, blockchain technology
#Grayscale #Seeks #SEC #Approval #Convert #XRP #Trust #ExchangeTraded #FundGrayscale Exec Predicts ‘Dozens of Smaller Victories’ for Crypto in 2025
The cryptocurrency industry is set to experience significant progress in 2025, according to Zach Pandl, Managing Director of Research at Grayscale Investments.
Pandl envisions a year marked by “dozens of smaller victories” that will collectively accelerate crypto adoption and integration into mainstream finance.
Institutional Adoption on the Rise
One of the key drivers of this anticipated growth is the increasing interest from institutional investors, particularly pension and endowment funds. Historically, these institutions have largely ignored the crypto market. However, Pandl notes that this trend is shifting as fund managers recognize the long-term potential of digital assets. “It was easy [for them] to ignore it, dismiss it, or set it aside over the last decade, but they’re all now recognizing they can’t do that anymore,” he stated during a recent webinar.
Grayscale’s Zach Pandl in conversation with Ric Edelman on January 15. Source: DACFP
Pandl highlighted that many pension and endowment funds are actively exploring ways to include cryptocurrencies in their portfolios. Some portfolio managers have already allocated up to 5% of their assets to crypto, while formal approvals for broader adoption may come within six to twelve months. This growing institutional interest is expected to bring stability and credibility to the market.
Legislative Developments
Another factor likely to influence the future of the crypto industry is the evolving regulatory landscape in the United States under President Trump. He seemed to be upbeat about more wide-ranging legislation from Congress that could finally bring the sector some much-needed clarity, not to mention perhaps even support. He also suggested that Bitcoin may be made a U.S. reserve asset in the coming years—a long way toward enhanced store-of-value status, at least.
Trump’s campaign popularized the idea of a $BTC reserve as a future economic solution. Source: Atlas via X
The presidential inauguration of Donald Trump is also seen as a potential catalyst for the industry. It is said that the new administration may prioritize crypto-friendly policies such as combating de-banking of crypto firms, approving an XRP ETF, and creating a strategic Bitcoin reserve, which would give digital assets in the United States a much friendlier environment.
Bitcoin’s Growth Trajectory Amid Global Institutional Interest
Pandl is also optimistic about Bitcoin’s price performance. He said it is not “completely outlandish” to see Bitcoin reach $500,000 by 2030, with greater adoption and favorable market conditions. At the middle of January 2025, Bitcoin changes hands at about $104,480, reflecting building investor confidence and renewed momentum in the market.
Bitcoin (BTC) price chart. Source:Bitcoin Liquid Index (BLX) via Brave New Coin
Outside the U.S., sovereign wealth funds are also expected to enhance their exposure to cryptocurrencies in the coming months. Pandl referred to Ethereum as “the most important open source project that has ever been developed,” together with Bitcoin. He also added the growing institutional appetite for DeFi, real-world assets, Ripple’s XRP, and AI tokens as other areas that will further unlock investment potential.
Smaller Wins, Bigger Impact
Pandl’s optimism underscores the transformative potential of cryptocurrencies and blockchain technology. The anticipated “smaller victories” in 2025 are expected to collectively advance the sector’s maturity, positioning it as a vital component of the global financial ecosystem. From increased institutional participation to supportive legislative measures, these developments hint at a promising future for the industry.
As the cryptocurrency sector enters 2025, the convergence of institutional adoption, regulatory progress, and technological innovation sets the stage for a pivotal year. While challenges remain, the anticipated incremental advancements could lay the groundwork for sustained growth and broader acceptance of digital assets. The journey toward mainstream adoption continues, with each “smaller victory” contributing to a larger narrative of transformation and opportunity.
In a recent interview with Grayscale Investments’ Executive, predictions were made about the future of cryptocurrency in 2025. The executive stated that they foresee “dozens of smaller victories” for the crypto industry in the coming years.Despite the challenges and uncertainties that the crypto market faces, the executive expressed optimism about the potential for growth and development. They highlighted the increasing adoption of digital assets by institutional investors and the mainstream acceptance of blockchain technology as key factors driving this positive outlook.
The executive also emphasized the importance of regulatory clarity and compliance in shaping the future of the crypto market. They believe that as governments around the world establish clear guidelines for the industry, it will pave the way for more widespread adoption and innovation.
Overall, the executive’s predictions suggest that the crypto market is poised for steady progress and incremental successes in the years to come. While major breakthroughs may still be on the horizon, they believe that these smaller victories will collectively contribute to the overall growth and maturation of the industry.
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crypto predictions 2025, grayscale executive, cryptocurrency updates, digital assets, crypto market trends, blockchain technology, cryptocurrency news, grayscale investments, crypto forecast, crypto industry insights
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Optimized for superior scanner performance and reliability, the A4 color duplex ADF fi-6130 is small enough to use at your desk. Loaded with “intelligent” functions for efficient operation, this is the best cost performer in its class.Customers say
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Fujitsu Fi-7160 Sheetfed Scanner – 600 Dpi Optical – 24-Bit Color – 8-Bit Grayscale – Usb inchesProduct Category: Scanning Devices/Scanners inches (Renewed)
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