The introduction of the Grayscale XRP Trust may set the stage for a future XRP exchange-traded fund (ETF), though such a development would require approval from the
U.S. Securities and Exchange Commission (SEC)
. As highlighted in a report by Fox Business, “An ETF must be approved by the Securities and Exchange Commission since it is marketed directly to retail investors, while a trust’s structure and sales pitch to so-called accredited investors gets a lighter regulatory touch.”