Ah, my dear readers, gather ’round for a tale of suspense and intrigue! Earlier this Tuesday, the U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on an application by cryptocurrency asset manager Grayscale to convert its XRP trust into an ETF. 😲
The price of XRP has dipped by 1.2% on the news after reaching an intraday high of $2.2 on the news. 📉
The SEC has also postponed making a decision on Grayscale’s Dogecoin ETF and Canary Capital’s Litecoin ETF earlier today. 🐶🦎
Grayscale, the leading crypto asset manager, originally filed to convert its XRP trust into ETF in late January. The proposal was then acknowledged by the SEC in mid-February. Notably, this was the very first XRP ETF filing that received acknowledgment from the regulator. 📜
As reported by U.Today, investment behemoth Franklin Templeton also joined the XRP ETF race earlier today. 💰
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2025-03-11 22:27