Ripple and Grayscale Celebrate First Birthday: Is XRP ETF Next?
September 2025 marks the primary anniversary of certainly one of Grayscale’s hottest Trusts that’s but to be transformed right into a spot ETF – the XRP fund.
The largest crypto asset supervisor to it to X to have a good time the achievement by outlining a number of the traits of XRP and the community behind it.
Today marks the first anniversary of the Grayscale XRP Trust $XRP is the native digital asset of the XRP Ledger, constructed for quick and low-cost funds, with rising sensible contract capabilities by means of XRPL extensions
Open for personal placement for eligible accredited… pic.twitter.com/30r9KoPMq2
— Grayscale (@Grayscale) September 5, 2025
What Happened in 1 Year?
CryptoPotato reported the XRP Trust launch, which noticed the sunshine of day on September 5, 2024, and was instantly adopted by a formidable value improve for the underlying asset. Yet, its valuation on the time of below $0.6 was nowhere close to the heights of at this time at nearly $2.8.
The product had a formidable preliminary 12 months because it permits buyers to achieve publicity to the token with out having to fret in regards to the challenges of shopping for, storing, and safekeeping it, as the web site explains. The Trust tracks the XRP market value, however the charges and bills are extra modest.
With 301,500 excellent shares, the entire belongings below administration have skyrocketed to nearly $17 million, based on the location as of Friday’s closing.
ETF Next?
As with its BTC and ETH Trusts, Grayscale was fast to file with the US SEC to transform its XRP product into a totally regulated spot exchange-traded fund. This happened shortly after Donald J. Trump was inaugurated because the forty seventh US president, Gary Gensler stepped down as SEC Chair, and it turned greater than evident that there could be extra favorable laws for the cryptocurrency trade.
Given its success in changing its Bitcoin and Ethereum Trusts into spot ETFs, the submitting with the securities regulator is regarded as nearly a assured path for an XRP ETF. However, Grayscale has tons of competitors in that discipline as the entire variety of such purposes sitting on the SEC’s desk is 15.
The odds for an approval by the tip of the 12 months on Polymarket have skyrocketed to 94% after dipping beneath 70% only a few weeks in the past. Moreover, many consultants believe that the precise chances are high nearer to 100%.
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