Grayscale Files S-1 for XRP ETF: Market Confidence Booms Amidst Legal Victory

In a significant move, Grayscale has submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) for an XRP exchange-traded fund (ETF). This action follows Ripple’s recent legal victory against the SEC, signaling increased confidence in the crypto market. The filing reflects growing institutional interest in XRP, with potential ETF approval expected to boost the cryptocurrency’s market confidence and impact broader markets like Ethereum and Bitcoin.