September 2025 marks a significant milestone for Grayscale's XRP Trust, celebrating its first anniversary and opening new opportunities for investors.
Achievements of the First Year of XRP Trust
Launched on September 5, 2024, XRP Trust saw a notable price increase following its debut, rising from below $0.6 to nearly $2.8, as reported by *CryptoPotato*. During its first year, it provided investors with access to the token without the need for purchasing or storing it.
Prospects for ETF Conversion
Grayscale filed with the SEC to convert its XRP Trust into a regulated ETF, coinciding with Donald Trump's inauguration and Gary Gensler's resignation from the SEC, creating a more favorable environment for the cryptocurrency sector. Many experts believe that the chances for ETF approval are rapidly increasing.
The XRP Market and Its Future
According to recent data, the number of outstanding XRP Trust shares stands at 301,500, with total assets under management reaching nearly $17 million. The odds for ETF approval on Polymarket currently sit at 94%, indicating a strong interest in this cryptocurrency and its future in the market.
With the first anniversary of XRP Trust, Grayscale strengthens its position in the market, while expectations for the ETF create additional opportunities for investors in the future.
