Grayscale to launch first US XRP trust, paving way for potential ETF

Exclusive: Crypto asset manager Grayscale is taking the first step in launching an XRP exchange-traded fund, FOX Business has learned. On Thursday morning, the company will announce the launch of the U.S.’s first XRP trust, a so-called "closed-end" fund that will offer accredited investors direct exposure to XRP. The crypto token is the native coin that powers the blockchain known as the XRP Ledger, which facilitates cross-border transactions of blockchain payments giant Ripple. A trust and an ETF are two different investment products. An ETF must be approved by the...