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Grayscale filed a 19b-4 Form with the NYSE to convert its XRP Trust into an ETF on Jan. 30. The trust holds $16 million, equivalent to 1.2% of total XRP ETP assets. Speculation arose in the crypto community about a potential XRP ETF. JPMorgan estimated XRP ETPs could attract $4-8 billion. Despite challenges, the chances of approval may increase due to discussions with Ripple and other filings awaiting approval.
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