Grayscale Seeks SEC Approval To Convert XRP Trust Into Exchange-Traded Fund
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
Grayscale’s XRP Trust Conversion to ETP: A Step Toward Regulatory Clarity in US Crypto
The Grayscale 19b-4 filing submitted to the US Securities and Exchange Commission (SEC) seeks to offer investors regulated means to invest in XRP. With approximately $16 million in assets under management, the Grayscale Trust is one of the largest XRP investment funds globally.
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