Grayscale Revives XRP Trust After 3-Year Hiatus
Portfolio Pulse from Murtuza Merchant
Grayscale Investments has launched a new XRP Trust after a 3-year hiatus, following a court ruling that XRP is not a security when sold on secondary markets. This move marks a shift in Grayscale's stance since the 2020 SEC lawsuit against Ripple Labs.
September 12, 2024 | 4:50 pm
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Grayscale Investments has launched a new XRP Trust, indicating a renewed interest in XRP following a favorable court ruling. This could enhance Grayscale's product offerings and attract more investors.
The launch of the XRP Trust by Grayscale suggests a strategic expansion of their product line, potentially attracting more investors interested in XRP. The favorable court ruling reduces regulatory risks, making this a positive development for Grayscale.
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