XRP News: Grayscale Seeks SEC Approval for XRP ETF Listing

Grayscale Investments has taken a major step toward launching an XRP exchange-traded fund (ETF). The New York Stock Exchange has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale XRP Trust as an ETF. This move signals a push toward regulated XRP investment products for mainstream investors.

Grayscale XRP ETF Plans Aim for Wider Access

The filing follows the September 2024 relaunch of the Grayscale XRP Trust, which saw impressive growth in the last quarter. The trust ended 2024 with over 300% gains, drawing strong interest from institutional and retail investors. With approximately $16.1 million in assets under management, it remains one of the largest XRP investment funds worldwide.

Update: @NYSE & @Grayscale have filed to convert Grayscale's XRP trust into an ETF. The trust currently has ~$16 mln in assets. pic.twitter.com/QAufZoKDkA

— James Seyffart (@JSeyff) January 30, 2025

Grayscale’s XRP Trust allows U.S. investors to gain exposure to XRP without dealing with the complexities of direct cryptocurrency transactions. Investors hold shares representing a portion of the trust’s XRP holdings, minus expenses. The trust does not actively trade XRP but passively tracks its market value.

The Grayscale XRP ETF would provide broader access to XRP investments through traditional stock exchanges if approved. This transition would enhance liquidity and market efficiency while offering a regulated investment vehicle. The ETF structure would make it easier for retail and institutional investors to include XRP in their portfolios.

Unlike traditional investment funds, Grayscale’s XRP Trust does not attempt to profit from price fluctuations. Instead, it provides a straightforward way for investors to gain exposure to XRP’s market movements. By converting to an ETF, the trust aims to align with regulatory standards while expanding its reach.

Institutional Interest in XRP ETFs Keeps Rising

Grayscale is not the only firm seeking SEC approval for an XRP ETF. CoinShares has also filed for an XRP ETF to track the Compass Crypto Reference Index. If approved, the ETF would trade on the Nasdaq, with shares issued in blocks of 5,000.

CoinShares has positioned itself alongside firms like Bitwise and WisdomTree in the race for SEC approval. CSC Delaware Trust Company has been named the trustee for the proposed ETF. As regulatory decisions loom, market participants closely watch how the SEC responds to these filings.

With increasing institutional interest in XRP, the push for ETFs highlights a shift toward mainstream cryptocurrency investments. Investors and analysts will monitor the SEC’s response, which could shape the future of XRP investment products. Approving an XRP ETF would mark a milestone for the industry, further legitimizing digital assets in traditional financial markets.

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