The post XRP Enters Grayscale’s NYSE-Listed Digital Asset ETF, Eyes on Pending 17 XRP ETF Filings appeared first on Coinpedia Fintech News
The crypto world woke up to big news today as XRP officially became part of the SEC-approved Grayscale Digital Large Cap ETF. This move means, for the first time in nearly five years of legal battles between the SEC and Ripple, everyday investors in the U.S. can now gain exposure to XRP through a regulated investment product on the New York Stock Exchange.
The Grayscale ETF includes multiple major cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, and XRP, making it the biggest multi-token crypto ETF in the market. Many in the crypto space are calling this a massive moment for XRP, hinting it could soon clear the path for individual spot XRP ETFs to be approved next.
Crypto analysts and XRP supporters are celebrating as this approval signals a shift in the SEC’s stance toward XRP. Around 17 more XRP ETFs are reportedly waiting for SEC approval. While the exact number isn’t officially confirmed, multiple applications are in line, and today’s development has significantly increased the hope that more approvals could start rolling in over the coming months.
Why does this matter?
Until now, U.S. investors faced hurdles buying XRP through exchanges due to regulatory uncertainty and the ongoing Ripple-SEC lawsuit. With this new ETF, investors can simply buy shares backed by XRP, just like any traditional stock, without dealing with crypto exchanges or wallets.
This move could bring massive inflows of capital into XRP, as institutional investors and traditional traders who previously avoided direct crypto exposure can now safely invest in it.
At the same time, XRP’s price chart is tightening, showing signs of a breakout setup. If Bitcoin rallies and market conditions remain strong, XRP could soon make a major move upward.
The post XRP Enters Grayscale’s NYSE-Listed Digital Asset ETF, Eyes on Pending 17 XRP ETF Filings appeared first on Coinpedia Fintech News
The crypto world woke up to big news today as XRP officially became part of the SEC-approved Grayscale Digital Large Cap ETF. This move means, for the first time in nearly five years of legal battles between the SEC and Ripple, everyday investors in the U.S. can now gain exposure to XRP through a regulated …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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