{"id":623068,"date":"2025-01-31T10:30:35","date_gmt":"2025-01-31T10:30:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623068"},"modified":"2025-01-31T10:30:35","modified_gmt":"2025-01-31T10:30:35","slug":"xrp-price-prediction-as-grayscale-files-for-a-spot-xrp-etf-this-crypto-wallet-ico-closes-on-9m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-as-grayscale-files-for-a-spot-xrp-etf-this-crypto-wallet-ico-closes-on-9m","title":{"rendered":"XRP Price Prediction: As Grayscale Files For A Spot XRP ETF, This Crypto Wallet ICO Closes On $9M"},"content":{"rendered":"
The XRP price edged down a fraction of a percent in the last 24 hours to trade at $3.09 as of 2:26 a.m. EST on trading volume that dropped 34% to $4.2 billion.<\/span><\/p>\n This comes as Grayscale applies to the US Securities and Exchange Commission (SEC) to change its XRP Trust into an exchange-traded fund (ETF). <\/span><\/p>\n The firm’s justification for seeking to convert the trust into an ETF is that such a product would give investors greater access to the Ripple token without the cost and complexity of directly buying the asset.<\/span><\/p>\n 🚨🚨🚨 HUGE 👉🏻 @NYSE<\/a> 19b-4 filed to convert @Grayscale<\/a> $XRP<\/a> Trust to a Spot ETF.<\/p>\n The best is yet to come..<\/p>\n 🥂🫡 pic.twitter.com\/DVOlW5hf4X<\/a><\/p>\n — 𝟸𝟺𝙷𝚁𝚂𝙲𝚁𝚈𝙿𝚃𝙾 (@24hrscrypto1) January 30, 2025<\/a><\/p><\/blockquote>\n\n