Grayscale Files for Ripple (XRP) ETF Listing on NYSE

Description

Grayscale has applied to the U.S. Securities and Exchange Commission (SEC) to change its XRP Trust into an exchange-traded fund (ETF) on NYSE Arca. According to a filing lodged with the regulatory agency, the XRP Trust is among the largest investment instruments anchored to Ripple’s native token, with more than $16 million in assets under management. Spot XRP ETF Grayscale’s justification for seeking to convert the trust into an ETF is that such a product would give investors greater access to X...