XRP Gets Yet Another Spot ETF, But One Chart Pattern Flashes Danger
XRP (CRYPTO: XRP) is tightening into its biggest technical squeeze in months, just as Grayscale’s new ETF makes its debut on Monday.
Institutional Demand Builds As XRP ETF Wave Accelerates
Grayscale has introduced its Grayscale XRP Trust ETF on NYSE Arca under the ticker GXRP, converting the vehicle from a private placement first introduced in September 2024.
The company said the ETF is intended to provide “straightforward exposure” to XRP, the fourth-largest cryptocurrency by market capitalization.
Krista Lynch, senior vice president of ETF Capital Markets at Grayscale, said the launch broadens access to the growing XRP ecosystem.
The debut follows similar XRP ETF rollouts by Canary Capital and REX Shares, joining a wave of new offerings tied to digital assets.
Legal Overhang Clears After SEC Case Ends
XRP’s regulatory narrative shifted this year after Ripple and the U.S. Securities and Exchange Commission dropped remaining appeals in their long-running court battle.
A previous ruling found that Ripple’s programmatic sales on exchanges did not …
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