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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Army On Fire As NYSE Moves To Convert Grayscale $XRP Trust Into ETF

XRP Grayscale NYSE ETF ARMY Crypto United States Bitwise CT SEC
Several institutions have filed for an $XRP ETF and Grayscale is joining the troop. (Credit: IBTimes US)

KEY POINTS

  • NYSE Arca posted it 19b-4 filing with the SEC Thursday
  • "XRP ETF" was trending overnight on X as the crypto space absorbed the news
  • $XRP slightly climbed Thursday night as the $XRP Army celebrated the development
  • Several other institutions already made $XRP ETF filings, including $BTC ETF competitor Bitwise

After over a decade of "HODLing" their cryptocurrencies and experiencing the ups and downs following Ripple's intense legal battle with the U.S. Securities and Exchange Commission (SEC), longtime XRP holders are one step closer to getting an XRP exchange-traded fund (ETF).

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