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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Sees Slight Pump Amid Anticipation For SEC Acknowledgment Of Grayscale ETF

SEC XRP Grayscale ETF Crypto BlackRock Bitcoin Ripple Gary Gensler Litecoin
Gold round physical XRP coin on a person's hand (Credit: Kanchanara/Unsplash)

KEY POINTS

  • XRP was up 1.2% in the day as "$XRP ETF" continued to trend on X from Wednesday through early Thursday
  • NYSE Arca filed to convert Grayscale's $XRP Trust into an $XRP ETF late last month
  • The SEC has a deadline of 15 days to acknowledge 19b-4 filings, unless it delays a decision
  • Some crypto users aren't so hopeful due to spot Bitcoin ETFs taking a decade before getting approved

XRP slightly increased late Wednesday through early Thursday, as the XRP Army expressed excitement over reports that the U.S. Securities and Exchange Commission (SEC) may acknowledge Grayscale's application to convert its XRP Trust into an XRP exchange-traded fund (ETF).

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