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<ul class="wp-block-list news-points">
 <li>Brad Garlinghouse was pleasantly surprised with the debut of an XRP trust.</li>
 <li>Grayscale announced plans for an XRP trust which might become an ETF in future.</li>
 <li>XRP token is up 5.7% in the past 24 hours with a 105% surge in trading volume.</li>
</ul>
Ripple CEO Brad Garlinghouse foresees a significant rise in XRP transfers as Grayscale prepares to launch an XRP investment trust, potentially paving the way for an XRP exchange-traded fund (ETF).
Garlinghouse expressed he was pleasantly surprised of Grayscale’s announcement, on X (formerly Twitter), stating:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “As I’ve said before, with XRP having regulatory clarity in the US and other countries, I expect it’s only a matter of time for this space to grow.”
</blockquote>
Grayscale’s XRP trust, the first of its kind in the United States, will be a closed-end fund offering accredited investors direct exposure to XRP, the seventh-largest cryptocurrency by market cap.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">SCOOP: Grayscale to launch first US XRP trust, paving way for potential ETF<a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Grayscale</a> is announcing the launch of the U.S.’s first XRP Trust, a so-called “closed-end” fund that will offer accredited investors direct exposure to <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a>.<a href="https://t.co/fjUdyAd7Nn" target="_blank" rel="noopener noreferrer nofollow">https://t.co/fjUdyAd7Nn</a>— E…
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The post <a href="https://coinedition.com/xrp-price-surges-on-grayscale-trust-news-ripple-ceo-predicts-growth/" rel="noopener noreferrer nofollow">XRP Price Surges on Grayscale Trust News, Ripple CEO Predicts Growth</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Price Surges on Grayscale Trust News, Ripple CEO Predicts Growth

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