Grayscale’s XRP Trust (GXRP) debuted on the NYSE as the fourth XRP ETF in two weeks, with assets of $11.67M and a waived fee for three months. This move signals increased institutional interest and provides a regulated path for institutions to access XRP without custody or OTC market hurdles. The launch of multiple XRP ETFs follows Ripple’s resolution with the SEC, providing regulatory clarity and paving the way for broader institutional adoption. The success of XRP hinges on deeper settlement activity, expanding corridors for RLUSD, and stronger enterprise adoption. Institutional inflows and corridor growth could propel XRP to $3.20–$3.80.

Read more at Yahoo Finance: Fourth ETF in Two Weeks Signals Institutional Rush