Best crypto insights delivered straight to your inbox.
Crypto asset manager Grayscale Investments has filed for Spot $XRP ETF with the New York Stock Exchange (NYSE) in a move that could drive cryptocurrency adoption.
Responding to a post on the X platform, some enthusiasts described the development as great news in the cryptocurrency ecosystem as a Spot ETF could provide easier access.
“Grayscale’s move to file for a Spot $XRP ETF with the NYSE could open new doors for institutional investment and broader adoption of XRP,” said one user identified as Keeny.
Earlier this month, the NYSE reportedly had filed a 19b-4 form to list and trade Grayscale’s Litecoin Trust in an effort to ensure better security and clearer rules around custody.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Enacy Mapakame
Enacy Mapakame is a journalist with over 10 years of experience in business and financial news. She covers capital markets and emerging technologies – the metaverse, AI, and cryptocurrency. Enacy holds a BSc Media and Society Studies Honours Degree.
CRASH COURSE
- Which cryptocurrencies can make you money
- How to boost your security with a wallet (and which ones are actually worth using)
- Little-known investment strategies that the pros use
- How to get started investing in crypto (which exchanges to use, the best crypto to buy etc)