BREAKING
515d 12h ago

Grayscale to Launch First U.S. XRP Trust, Paving the Way for Potential ETF!

XRP

XRP/USDT

$1.455
+3.23%
24h Volume

$2,431,226,288.85

24h H/L

$1.4703 / $1.4052

Change: $0.0651 (4.63%)

Long/Short
70.2%
Long: 70.2%Short: 29.8%
Funding Rate

-0.0145%

Shorts pay

Data provided by COINOTAG DATALive data
Ripple
Ripple
Daily

$1.4639

2.87%

Volume (24h): -

Resistance Levels
Resistance 3$1.8487
Resistance 2$1.6763
Resistance 1$1.487
Price$1.4639
Support 1$1.3865
Support 2$1.2841
Support 3$1.1172
Pivot (PP):$1.448
Trend:Downtrend
RSI (14):36.8

**Grayscale Launches First U.S. XRP Trust, Paving the Way for Potential ETF**

Grayscale Investments is set to launch the first-ever XRP trust in the United States, marking a significant milestone for the cryptocurrency. This development not only introduces a new investment vehicle for XRP enthusiasts but also opens the door for a potential exchange-traded fund (ETF) based on the digital asset.

The establishment of this trust is a bold move amid ongoing regulatory discussions surrounding cryptocurrencies. It reflects growing institutional interest in XRP and could potentially lead to broader acceptance within financial markets. With Grayscale’s established reputation in the crypto space, the launch is expected to attract both retail and institutional investors looking to gain exposure to XRP through a regulated channel.

As the cryptocurrency landscape continues to evolve, the introduction of the XRP trust by Grayscale is a promising step forward. This could signal a shift in how digital assets are perceived by regulators and investors alike, potentially leading to a new wave of investment opportunities.

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