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TechFlow reported on January 31 that, according to Decrypt, NYSE Arca has filed an application with the SEC seeking approval to convert Grayscale's XRP Trust into an ETF. According to the submitted Form 19b-4, if approved, Coinbase Custody Trust Company, LLC would serve as custodian, and BNY Mellon Asset Servicing would act as the fund's transfer agent. The trust currently manages approximately $16.1 million in assets.
According to Decrypt, NYSE Arca has filed an application with the SEC seeking approval to convert Grayscale's XRP Trust into an ETF. The submitted Form 19b-4 indicates that if approved, Coinbase Custody Trust Company, LLC will serve as custodian, and BNY Mellon Asset Servicing will act as transfer agent for the fund. The trust currently manages approximately $16.1 million in assets.
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