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

According to Mars Finance, FOX BUSINESS reported that Grayscale will launch the first US XRP trust to pave the way for a potential ETF. It is reported that the first XRP trust announced by Grayscale is a closed-end fund that will provide qualified investors with the opportunity to invest directly in XRP. Trusts and ETFs are two different investment products. ETFs must be approved by the U.S. Securities and Exchange Commission because they are sold directly to retail investors, while the structure of the trust and sales promotion to qualified investors are subject to looser supervision. Even so, a trust can become an ETF as long as it obtains proper regulatory approval.