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First U.S. XRP Trust by Grayscale: What You Need to Know

  • Grayscale has launched the first U.S. XRP Trust, aiming to provide institutional exposure to XRP’s unique cross-border payment capabilities.
  • The trust could be converted into an ETF, pending SEC approval, signaling potential mainstream adoption of XRP.
  • The launch of the XRP Trust has led to an increase in XRP's price and trading volume.
  • Grayscale's XRP Trust offers direct access to XRP and may be converted into an ETF in the future.

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