Grayscale Investments, a major cryptocurrency investment firm, has announced the creation and public launch of Grayscale XRP Trust, which enables investors to gain exposure to the XRP (XRP) cryptocurrency.

The new trust is immediately open for daily subscription by eligible individual and institutional accredited investors and functions similarly to Grayscale's other single-asset investment trusts.

According to a report by Fox Business, the launch of Grayscale XRP Trust could potentially pave the way for an XRP exchange-traded fund (ETF), a different product that requires approval from the US Securities and Exchange Commission (SEC).

Unlike an ETF, which is marketed directly to retail investors, a trust's structure and sales pitch to accredited investors gets a lighter regulatory touch.

Grayscale has also published an intended four-phase product life cycle for the XRP trust, which potentially implies the possibility of an XRP ETF in the future.

This development is significant as it could provide investors with a regulated way to gain exposure to the XRP cryptocurrency, which has faced regulatory scrutiny in the past.

The launch of the Grayscale XRP Trust is a step towards bringing XRP-based investment products to the mainstream, subject to regulatory approval.

Investors interested in this opportunity should stay informed as the story continues to develop, with further updates expected as more information becomes available.

Source: https://cointelegraph.com/news/grayscale-us-xrp-trust-potential-etf

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