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SEC Acknowledges Grayscale’s XRP ETF Proposal, Setting Stage for Federal Review

Decrypt LogoDecrypt1w ago

SEC Acknowledges Grayscale’s XRP ETF Proposal, Setting Stage for Federal Review - Decrypt

Quick Summary:

Details on Grayscale's filing show a comprehensive framework for what could be the industry's first spot XRP fund.

Its Grayscale XRP Trust is designed to track XRP's price through the CoinDesk XRP Price Index (XRX), calculated at 4:00 p.m.

By implementing a creation and redemption process where authorized participants deal exclusively in cash rather than directly handling XRP, the fund is attempting to provide a regulated path for institutional investors while maintaining a certain degree of operation security.

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SEC Acknowledges Grayscale’s XRP ETF Proposal, Setting Stage for Federal Review - Decrypt (Picture 1)

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Article Details

Author / Journalist: Vince Dioquino

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 01:14:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 26134993

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "SEC Acknowledges Grayscale’s XRP ETF Proposal, Setting Stage for Federal Review" was covered 1 weeks ago by Decrypt, a news publisher based in Estonia.

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Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

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It's most recent story was published 1 days ago.

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  • News ID: #26134993
  • URL: https://beamstart.com/news/sec-acknowledges-grayscales-xrp-etf-17394969018173

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