Grayscale Investments has recently filed an application to convert its XRP Trust into a spot XRP ETF, garnering positive reactions from the crypto community.
Grayscale Investments' Application
Grayscale Investments, one of the largest investment firms, filed an application to convert its XRP Trust into a spot XRP ETF, marking a significant step for the cryptocurrency market.
Community Reaction and Kraken
Kraken expressed appreciation for XRP investors and confirmed its expectations for ETF approval. XRP advocate John Deaton also mentioned that long-term holders deserve this development.
Polymarket Market Predictions
Polymarket notes optimism among its traders regarding the approval of a spot XRP ETF in 2025, estimating the chances at 82%, up 18% from the previous week.
The development with Grayscale's application for an XRP ETF and the market's reaction indicate a high level of interest and expectations from users, along with the potential for new steps in the industry.
