Grayscale Announces Plan to Make XRP Public as ETF

Cryptocurrency giant Grayscale has taken a significant step toward bringing XRP, the digital asset of Ripple, into mainstream finance by planning to convert its current trust holding XRP into an exchange-traded fund (ETF). The announcement comes from crypto commentator Chad Steingraber, who revealed that Grayscale filed an amended registration statement and proposed a new ticker symbol, GXRP, for their XRP vehicle. This move signals a potential turning point in the crypto sector, as it could pave the way for increased institutional adoption of XRP.