Due to XRP’s impressive gains in November and December, the Grayscale
As 2024 draws to a close and the Christmas festivities are in full swing, crypto investors have many reasons to rejoice. This is particularly true for institutional investors XRP.
Grayscale XRP Trust investors see massive gains
Early investors in Grayscale’s XRP Trust will likely smile at the bank this holiday. The product that relaunched in September 2024, is expected to end the year with a share price increase of over 300% since inception, rising from $10.85 to $45.46 at the time of writing.
Interestingly, most of the XRP gains reflected in the XRP Trust stock price have occurred within the last month, largely due to Donald Trump’s election victory, which sparked a wave of pro-crypto sentiment promises the industry made during the election campaign.
At the same time, many believe that the regulatory cloud that has long obscured the asset may be dissipating. By comparison, XRP was at the center of a 2020 SEC lawsuit alleging that Ripple, one of the project’s lead developers, violated securities laws by selling the asset.
Below a partial court victory in July 2023 And the impending change According to SEC watchdogs, many are optimistic that the asset will continue to gain clarity, so much so that there could soon be spot exchange-traded funds (ETFs) to expand access for institutions, potentially leading to one could result in billions of dollars of capital inflow.
Will you explore XRP ETFs soon?
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