Grayscale Seeks SEC Approval to Convert XRP Trust Into ETF
Grayscale Investments has officially filed with the U.S. Securities and Exchange Commission (SEC) to transition its XRP Trust into a fully regulated exchange-traded fund (ETF), aiming to offer investors broader access to the digital asset.
The current trust, which manages over $16 million in XRP, would be restructured to trade on the New York Stock Exchange (NYSE) if approved. The proposed ETF would maintain direct exposure to XRP’s price movements while incorporating operational costs, bringing a more accessible investment vehicle to market participants.
Grayscale’s move follows a surge in institutional interest in XRP. Other asset managers, including CoinShares and Bitwise, have also filed for similar XRP-based ETFs, signaling growing demand for structured crypto investment products.
Earlier this month, Ripple Labs president Monica Long expressed optimism about an XRP ETF, stating it could become “a reality” under the newly inaugurated Trump administration, which has pledged to create a more favorable regulatory environment for digital assets.
Meanwhile, XRP’s ecosystem continues to expand. January saw trading volume on the XRP Ledger’s decentralized exchange (DEX) surpass $400 million, with cumulative swap volumes topping $1 billion since the introduction of its automated market maker (AMM) feature in mid-2024. This momentum underscores XRP’s increasing relevance in the broader crypto landscape.
