GrayScale files for XRP ETF, which makes the total to 5 applicants – can the approval send the XRP price to $ 5?
Promise of prominent encryption assets Grayscale was presented to convert the gray XRP confidence to XRP ETFWith the total number of applicants XRP ETF to 5.
to update: nyse & @grayscale I submitted the conversion of the XRP from Grayscale to ETF. TRUST currently has about $ 16 in assets. pic.twitter.com/qaufzokdka
Jseyff January 30, 2025
With this step, Grayscale joins BitWise, Wisdomtree, 21shares and Canary Capital as companies currently competing for the launch of XRP ETF in the United States market.
XRP ETF (Traded Fund for Exchange) will provide an alternative method for investors to acquire exposure to XRP as an investment, which removes the need to use encrypted currency exchange or special key management. Instead, investors can simply reach XRP as an investment through their mediation.
In a recent interview with Bloomberg, Ripple Monica Long said that she expects XRP to be the following encryption assets for receiving investment funds circulating in the United StatesAnd he expressed optimism about such a product that was approved in 2025.
Ripple Monica Long expects to see the new Stableco Rlus to see more platform https://t.co/e4tuv4xpv3 pic.twitter.com/lhfimndds9
Crypto Bloomberg (Crypto) January 7, 2025
Will the approval of XRP ETFS increase from the price of XRP?
It is understood that XRP investors are optimistic about ETF XRP’s possibilities, given the huge batch received by Bitcoin after it was allowed to permitted investment funds circulating in the first Bitcoin in the American market in early 2024.
Although it is not certain that SEC will choose to agree to ETFS XRP in the short term to the middle, It seems that approval is very likely to look at the SEC’s expected jump as a result of the Trump administration.
The XRP prediction algorithm expects XRP to continue its upward direction in 2025, expecting XRP to reach $ 4.75 during the year. This will represent an increase of 53 % compared to the current price of XRP.
