SEC Weighs Fate of Grayscale's XRP Trust on NYSE Arca
Published Date: 5/27/2025
Notice
Summary
The SEC is deciding whether to let NYSE Arca list and trade shares of the Grayscale XRP Trust, a new crypto-based investment. This affects investors interested in XRP and could open up fresh trading options soon. The SEC’s decision deadline is May 21, 2025, so keep an eye out for updates that might impact your wallet!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
SEC Deciding on XRP Trust Listing
You may get a new way to buy XRP if the SEC approves listing the Grayscale XRP Trust on NYSE Arca. The SEC instituted proceedings to decide whether to approve or disapprove the listing and set May 21, 2025 as the date by which it will act.
How the Grayscale XRP Trust Is Structured
You should know the Trust would hold only XRP and seeks to track the U.S. dollar value of XRP as measured by the CoinDesk XRP Price Index (XRX) calculated at 4:00 p.m. New York time each business day. The Trust would create and redeem shares in cash in one or more blocks of 10,000 Shares.
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