Grayscale Files Second Amendment for XRP Trust, Advancing Spot XRP ETF Plans

The digital asset manager moves closer toward launching a spot XRP exchange-traded fund following its latest regulatory filing.

XRP

Summary

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Terms & Concepts
  • Spot XRP ETF: An exchange-traded fund that directly holds XRP, allowing investors to gain exposure to the cryptocurrency without owning it outright.
  • Grayscale: A major digital asset management firm offering cryptocurrency investment products, including trusts for various blockchain assets.
  • Amendment No. 2: A formal regulatory filing updating or modifying details of a proposed financial product or trust with oversight authorities.