gtag('config', 'G-0PFHD683JR');
Bitcoin

Grayscale files to insert XRP ETF on NYSE

Grayscale Digital Asset Company provided a registration statement to the US Securities and Exchange Committee (SEC) on January 30, in cooperation with the New York Stock Exchange (NYSE), to obtain the Fund (ETF).

This step seeks to bring the original to the broader traditional financial markets. The deposit argues that the conversion of confidence to the investment funds circulated in photographic sites that will provide investors a productive product (ETP), which eliminates the complexities of maintaining directly or managing the encrypted currency.

This follows the successful restart of Grayscale XRP TRST in September 2024, which witnessed gains exceeding 300 % in the last quarter. Confidence currently runs $ 16.1 million of assets.

Grayscale joins other companies in the XRP file

The company is now joining Coinshares, Wisdomtree, Proshares, Rex, and BitWise, in submitting files for XRP ETF.

XRP rose to $ 3.14 after the news, but fell to $ 3.09 at the time of the press, a decrease of 0.88 %. The currency witnessed 38 % gains last month, according to data from Coinmarketca.

XRP monthly graph. source: Coinmarketcap.

The approval of SEC will be a historic moment, as the doors of institutional funds and participants in the traditional market investment in the currency are opened through an organized financial product. Eleanor Teret, Fox Correspondent Business, noticed that this deposit may lead to a wave of similar ETF applications from other companies in the coming weeks.

SEC Mark T. Oida, Declare Establishing a dedicated workplace for the agency, led by Commissioner Hyster Peres.

Read more: Scott Payette as Minister of the US Treasury confirmed that fiscal policy is to be directed

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button