Grayscale to Launch First US XRP Trust, Paving the Way for Potential ETF

According to FOX BUSINESS, Grayscale is set to launch the first US XRP trust, potentially paving the way for an XRP ETF.

The trust, reportedly a closed-end fund, will provide qualified investors with direct access to XRP. Trusts and ETFs are distinct investment products. ETFs require approval from the US Securities and Exchange Commission (SEC) as they are sold directly to retail investors. Trusts, however, are subject to looser regulations due to their structure and marketing towards qualified investors. Despite this, a trust can be converted into an ETF with appropriate regulatory approval.