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Sujit Kumar
Feb 1, 2025
by Sujit Kumar

Grayscale Files for XRP Spot ETF, Fueling Market Excitement

Grayscale Files for XRP Spot ETF

Table of contents

  1. Crypto ETF Boom: Who’s Next?
  2. SEC Challenges: Will XRP ETFs Face Delays?
As January comes to a close, excitement is building around XRP and its potential spot ETF. Grayscale, a key player in the crypto ETF space, has officially filed for an XRP spot ETF on the NYSE, signaling growing institutional interest in the digital asset.

Crypto ETF Boom: Who’s Next?

Grayscale’s move is part of a broader crypto ETF wave, with several firms including Canary Capital and Bitwise also applying for XRP spot ETFs. There is even speculation that BlackRock might join the race. Additionally, Grayscale has filed for a Solana spot ETF, while firms like 21Shares, Bitwise, and Franklin Templeton are considering ETFs for Dogecoin and Litecoin.

The SEC has already acknowledged Litecoin’s ETF application, which suggests increasing regulatory acceptance for altcoin ETFs. Historically, Bitcoin and Ethereum first launched as futures ETFs before being approved as spot ETFs—a path that XRP could potentially follow.

SEC Challenges: Will XRP ETFs Face Delays?

Despite the optimism, Bloomberg analyst James Seyffart has warned that XRP ETF approval may not come until 2025. He believes that Litecoin ETFs could be approved first, as the SEC has never classified Litecoin as a security, unlike XRP, which is still entangled in legal battles.

While XRP’s ETF journey faces hurdles, the growing interest from major firms could be a bullish signal for long-term investors.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Grayscale Files for XRP Spot ETF
Grayscale Files for XRP Spot ETF, Fueling Market Excitement
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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