{"id":10598,"date":"2025-01-30T21:00:36","date_gmt":"2025-01-30T21:00:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10598"},"modified":"2025-01-30T21:00:36","modified_gmt":"2025-01-30T21:00:36","slug":"grayscale-seeks-sec-approval-to-convert-xrp-trust-into-exchange-traded-fund","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10598","title":{"rendered":"Grayscale Seeks SEC Approval To Convert XRP Trust Into Exchange-Traded Fund"},"content":{"rendered":"<div>\n<p><strong>Grayscale Investments<\/strong> has submitted a proposal to convert its <strong>XRP<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) Trust into an exchange-traded fund at <a href=\"https:\/\/www.benzinga.com\/topic\/nyse\">the New York Stock Exchange<\/a>.<\/p>\n<p>The <a href=\"https:\/\/www.nyse.com\/publicdocs\/nyse\/markets\/nyse-arca\/rule-filings\/filings\/2025\/SR-NYSEArca-2025-08.pdf\">move<\/a> comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets.<\/p>\n<p>If the SEC grants approval,  the Grayscale XRP Trust, currently holding approximately $16.1 million in assets, would transition into an ETF.<\/p>\n<p>Grayscale argues that converting the trust into an ETF would enhance accessibility while ensuring compliance with regulatory standards under a national securities exchange. <\/p>\n<p>The fund is designed to reflect XRP&#8217;s market value while deducting operational fees. <\/p>\n<p>Assets associated with the trust are securely held by Coinbase Custody Trust &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43351797\/grayscale-seeks-sec-approval-to-convert-xrp-trust-into-exchange-traded-fund\" alt=\"Grayscale\" seeks sec approval to convert xrp trust into exchange-traded fund>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments has submitted a proposal to convert its XRP (CRYPTO: XRP) Trust into an exchange-traded fund at the New York Stock Exchange. The move comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets. If the SEC grants approval, the Grayscale XRP Trust, currently holding approximately [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10598","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10598"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10598\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}