The Asset Management Company Grayscale has made an official application to submit a spot XRP ETF to the New York Stock Exchange (NYSE). This is seen as part of Grayscale’s strategy to expand the diversified ETF portfolio in the crypto money market.
XRP ETF Application
Grayscale plans to offer XRP ETF by filling out the 19b-4 form through NYSE. The company aims to convert the current XRP Tress to an ETF, and if this ETF gets approval, it will be listed and traded on NYSE.
This application is Grayscale’s Litecoin only a few days ago to the US Securities and Stock Exchange Commission (SEC) $129.2 He came immediately after his application for ETF. The company also Solana ETF and Bitcoin 
$105,198.9 Adapters made ETF offers.
Developments in the market
The increasing popularity of ETFs in the crypto currency market offers various investment opportunities for investors. Grayscale’s new steps in this field are considered as a sign that supports the growth potential of the market. These applications by Grayscale may accelerate the integration of crypto assets into traditional financial markets. Thus, it can provide more options and flexibility for investors.
If XRP ETF is approved, the number of investors traded through Grayscale’s platform may increase. This can strengthen the market position of the company.
Investors say that these steps of Grayscale can increase confidence in the crypto money market. In addition, advances in regulatory approval processes may also positively affect the sector.
Grayscale’s ETF applications can contribute to the growth of the crypto currency market. Providing more diversity and accessibility for investors can help the market mature.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
