- Ben Armstrong has predicted a bright future for XRP.
- Grayscale recently launched an XRP trust.
- Analysts believe Grayscale will convert the XRP trust to a spot ETF in the future.
Crypto analysts have forecasted a bright future for XRP after recent developments at Ripple. On X (formerly Twitter), they expressed their belief that XRP has institutional interest and that the “XRPArmy” will succeed. This optimism is seen as the start of a significant upward movement for Ripple.
This positive outlook stems from the launch of an XRP trust by Grayscale, a leading US-based crypto asset manager. This new trust provides accredited investors direct access to XRP. Many in the crypto community speculate that this could lead to Grayscale launching an XRP exchange-traded fund (ETF).
Analysts point out that Grayscale launched Bitcoin and Ethereum ETFs earlier this year, both of which began as trust funds. Th…
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Source: https://coinedition.com/grayscales-xrp-trust-a-step-towards-mainstream-adoption-for-xrp/