Amid multiple XRP ETF filings, FOX Business journalist Eleanor Terrett has issued an insider hint on the possibility of more activities around XRP ETFs next week.
Terrett made the disclosure in a tweet on Thursday, reacting to news that billion-dollar asset manager Grayscale is now pursuing an XRP ETF.
Latest Update on XRP ETF
Yesterday, Grayscale, in collaboration with NYSE, submitted a crucial registration statement for an XRP ETF. The filing informs the SEC of the decision to convert Grayscale’s already thriving XRP Trust into an ETF, thereby opening up even more access to XRP amid growing institutional interest.
For context, the Grayscale XRP Trust re-launched five months ago and has since attracted over $16 million in assets under management. According to the latest filing with the SEC, the trust ranks among the most prominent XRP funds worldwide.
The firm aims to grow the fund by converting it from a trust to an exchange-traded fund with the NYSE.
More Filing Activities for XRP ETFs
As the news of this filing stirs excitement in the XRP community, FOX correspondent Terrett has disclosed that more filings are in the works and could surface as early as next week.
“Look out for more filing activity by issuers with XRP ETF applications next week,” Terrett teased in the tweet.
Reacting to these ongoing developments, members of the XRP community view them as further signs of major demand for XRP in traditional financial markets.
In a tweet, Vet, co-founder of XRPCafe, stressed that XRP ETF filings wouldn’t happen without demand. “Clients are asking for it,” he said, emphasizing how investors increasingly seek exposure to XRP.
With Grayscale’s filing, the number of asset managers that have officially communicated their intent to offer an XRP ETF is now eight. These include Bitwise, CoinShares, and WisdomTree, among others.
Will BlackRock File an XRP ETF?
Meanwhile, the filing that many in the XRP community are most eager to see is one from BlackRock, the financial behemoth with $10 trillion in assets under management. BlackRock already has ETF products for Bitcoin and Ethereum.
Its Bitcoin spot ETF has been highly successful, attracting over $40 billion in inflows in just one year. It even ranked among the top three best-performing ETFs of 2024 globally.
Given this success, the XRP Army is eagerly hoping for a similar position for XRP, anticipating a BlackRock ETF.
However, the firm has clarified that its current two ETFs still have low adoption among clients. Essentially, it is focusing its energy on expanding its Bitcoin and Ethereum ETFs rather than pursuing a new product with XRP.
Nonetheless, with the latest teaser of more XRP ETFs surfacing next week, the XRP Army finds reasons to believe BlackRock could be part of the equation.
Issuers WITH XRP ETF applications.
— Eleanor Terrett (@EleanorTerrett) January 30, 2025
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