The Grayscale XRP Trust is changing and will become a publicly traded ETF.

Grayscale XRP ETF Filing

Chad Steingraber recently revealed Grayscale filed an amended registration statement, proposing a new ticker symbol, GXRP, for its XRP vehicle, suggesting a move to convert its private trust into a spot-based ETF. This filing aims to create a publicly traded exchange-traded fund (ETF) for XRP, potentially opening access to traditional investment channels. Investors are encouraged to verify details directly from SEC filings and Grayscale’s disclosures.

Regulatory Landscape and Potential Impact

Grayscale's effort follows prior attempts to create Bitcoin and Ethereum ETFs and aligns with a broader trend of asset managers seeking SEC approval for spot XRP ETFs. Recent SEC rule changes and a positive legal outcome for Ripple could expedite the approval process. If approved, GXRP would broaden XRP accessibility and may accelerate approvals for other altcoin ETFs.

Structure and Next Steps

The proposed ETF would hold XRP directly, aiming to closely track its value, and allow investment via standard brokerage accounts. Confirmation of the amended filing and SEC decision on the listing application are crucial next steps. Market sensitivity will be high as Grayscale’s conversion effort could be a pivotal moment for XRP’s integration into institutional investment.