FOX correspondent Eleanor Terrett gave an inside clue about the possibility of more operations around the XRP ETFs next week. This statement came in the midst of news that Grayscale, a billion dollar asset manager, is currently in pursuit of an XRP Coin Etf.
Latest updates for XRP Coin ETF!
Yesterday, Grayscale presented a very important record statement for an XRP ETF in cooperation with Nyse. The filing informs SEC’s decision to convert Grayscale’s currently developing XRP Trresses into an ETF. Thus, it provides even more access to XRP in the midst of increasing institutional interest.
In this context, Grayscale XRP Trust was re -operated five months ago. Since then, it has increased over $ 16 million in assets under administration. According to the latest application to the SEC, Tröst is one of the leading XRP coin funds worldwide. The company aims to expand by converting the fund into a fund traded on the stock exchange with a Trüstten Nyse.
More applications for XRP ETFs are on the road!
This application news created excitement in the XRP Coin community. In the midst of this excitement, FOX reporter Terrett announced that more applications are being made. He also stated that they could be on an early date like next week. Terrett shared, “Pay attention to more filing activities by exporters with XRP ETF applications next week,” Terrett said.
Reacting to these ongoing developments, members of the XRP community see them as other signs of great demand for XRP in traditional financial markets. XRPCafe’s founding partner Vet emphasized that XRP ETF applications will not be realized without demand. V VET, “Customers want this,” he emphasized how investors made more and more investing in XRP. With Grayscale’s application, the number of executives who officially reported their intention to present an XRP ETF was now eight. These include Bitwise, Coinshares and Wisdomtree.
Will the Blackrock XRP ETF apply?
In the meantime, the application, where many people in the XRP community are most eager to see, comes from Blackrock, a $ 10 trillion -dollar financial giant in assets under management. Blackrock already has ETF products for Bitcoin and Ethereum. Bitcoin Spot ETF was quite successful and provided over $ 40 billion in just a year. It was even among the top three ETFs of 2024 globally.
Considering this success, XRP Army eagerly hopes for XRP Coin and is waiting for a Blackrock ETF. However, the company has announced that two existing ETFs still have a low adoption rate among customers. Essentially, instead of pursuing a new product with XRP, it focuses on expanding its energy to expanding Bitcoin and Ethereum ETFs. However, with the latest teaser of the more XRP ETF that will emerge next week, XRP Army finds reasons to believe that Blackrock could be part of the equation.
