Grayscale Seeks NYSE Listing for Spot XRP ETF

Grayscale Files For Spot XRP ETF

Grayscale Investments, a leading digital asset manager, has filed a 19b-4 form with the New York Stock Exchange (NYSE) to launch a spot XRP exchange-traded fund (ETF). This move aims to convert Grayscale's existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE.

The filing comes on the heels of Grayscale's recent submissions for Litecoin and Solana ETFs, as well as the introduction of its Bitcoin Miners ETF. With this XRP ETF filing, Grayscale joins a growing list of asset managers seeking to introduce cryptocurrency-focused ETFs, following a wave of applications submitted to the SEC after Donald Trump's return to office and Gary Gensler's departure from the Commission.

An ETF is an investment fund that holds assets such as stocks, commodities, or cryptocurrencies and trades on stock exchanges. A spot XRP (XRP) ETF would provide investors with direct exposure to XRP's market price movements without the need to hold the cryptocurrency directly. Grayscale's filing is part of a broader trend of asset managers seeking to introduce cryptocurrency-focused ETFs, with the company having previously launched the Grayscale XRP Trust in September 2024, which provided accredited investors with exposure to XRP.