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Grayscale Files SEC Proposal to Convert XRP Trust Into ETF

Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.

Von Shaurya Malwa|Bearbeitet von Parikshit Mishra
Aktualisiert 31. Jan. 2025, 10:06 a.m. Veröffentlicht 31. Jan. 2025, 5:44 a.m. Übersetzt von KI
XRP
XRP logo on a phone. (XRP)

What to know:

  • Grayscale Investments has filed an application with the SEC to convert its XRP Trust into an ETF for listing on the New York Stock Exchange.
  • The proposed ETF would continue to hold XRP as its primary asset and track its performance on a price return basis.


Crypto fund behemoth Grayscale Investments has filed an application with the Securities and Exchange Commission (SEC) to convert its XRP Trust into an exchange-traded fund (ETF), which will listed on the New York Stock Exchange (NYSE).

The existing product operates as a Delaware statutory trust, managing over $16 million XRP as of Friday. The proposed ETF would continue to hold XRP as its primary asset and track its performance on a price return basis, adjusted for operational fees, providing investors with a direct link to XRP's performance.

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Besides Grayscale, firms like CoinShares and Bitwise have also submitted applications for XRP-based ETFs, indicating a growing institutional appetite for structured investment products in XRP.

Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration, one that has promised to bring crypto innovation back to the U.S. and support locally-based businesses.

Meanwhile, trading volumes on XRP-native applications have been on the rise as it gains favor among investors. Swap volumes on XRP Ledger’s decentralized exchange (DEX) crossed the $400 million mark in January to cross the $1 billion mark for the first time since its automated market maker feature launched in May — a feat that some say contributed to making 2024 a “monumental” year for the token.

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  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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