Grayscale's prelude to XRP ETF
Quote from zerpie on September 12, 2024, 9:03 pmGrayscale relaunches the first U.S. XRP trust, paving the way for a potential XRP ETF.
The trust was dissolved in early 2021 after the SEC attacked Ripple and XRP hodlers with an indefensible case.
Ripple won all important parts of the lawsuit that dragged on for nearly four years.
https://twitter.com/Grayscale/status/1834216119869341902?ref_src=twsrc%5Etfw
Ripple CEO Brad Garlinghouse responded on X he “was (pleasantly) surprised to see this news… though inevitable, as well?! As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow.”
Grayscale relaunches the first U.S. XRP trust, paving the way for a potential XRP ETF.
The trust was dissolved in early 2021 after the SEC attacked Ripple and XRP hodlers with an indefensible case.
Ripple won all important parts of the lawsuit that dragged on for nearly four years.
We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale $XRP Trust, which will be available through private placement.
Available to eligible accredited investors.
Read the press release: https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT
— Grayscale (@Grayscale) September 12, 2024
Ripple CEO Brad Garlinghouse responded on X he “was (pleasantly) surprised to see this news… though inevitable, as well?! As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow.”