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Grayscale’s XRP trust launch ignites 8% increase and ETF speculation

  • Grayscale has launched a new crypto investment trust fund for XRP, leading to an 8% increase in XRP's value.
  • The XRP Trust operates similarly to Grayscale's other single-asset investment trusts, focusing exclusively on XRP.
  • This launch has sparked speculation about the potential approval of an XRP ETF by the US Securities and Exchange Commission (SEC).
  • However, regulatory challenges and ongoing legal battles with the SEC may hinder the approval of an XRP ETF.

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