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Crypto Trends

Grayscale files to convert their XRP to ETF ⋅ Crypto World Echo

GrayScale Form 19B-4 with the New York Stock Exchange (NYSE) for its circulation Xrp Confidence on January 30, which is equivalent to converting the product into a trading box (ETF).

ConfidenceIt was presented on September 12 He currently has $ 16 million, equivalent to 1.2 % of total assets under the management of XRP (ETP) exchange products, such as CoinsharesI mentioned.

When confidence was offered, the encryption community began to predict a possible ETF file.

Recently, JPMorgan has estimated that XRP ETPS could attract between 4 billion and 8 billion dollars. Appreciation used bitcoin (BTC) And ethereum (Eth) Products and market caps are as a rule.

ETF running

One of the most common arguments against the approval of XRP ETF is the lack of previous future contracts for these assets. However, aThe leaked CME page Gloom at XRP and Solana (TellerFutures launch on February 10.

Despite the leakage, CME did not issue an official statement, and the page soon was downloaded.

However, the Bloomberg analysts ETF Erik Balunas and James SevartPropagate “A wave of investment funds circulating in encryption” this year, including XRP funds.

However, they said that these people may take some time, given the claims of the US Securities and Stock Exchange Committee (SEC) that claims that XRP is unregistered security.

ETF XRP approval chances may increase as president Donald Trump He isAccording to what he was reported, he speaksto ripple About adding XRP, US currency (USDC) And Sol for the potential digital assets of the country.

In addition to ashen XRP Trust, five other boxesServed before bitwiseand Canary capitaland 21 Sharesand WisdomtreeAnd Rex & Osprey, waiting for approval.

Pamphlet Grayscale files to convert XRP to ETF First appear on Cryptoslate.

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