Summary
- Grayscale reported that it finalized the management fee for the XRP (XRP) spot ETF at 0.35%.
- The industry says it expects the XRP spot ETF could be launched soon.
- Nate Geraci, chairman of Novadius Wealth, said he expects the first XRP spot ETF to be launched within the next two weeks.
Attention is focused on whether an XRP (XRP) spot exchange-traded fund (ETF) could be launched soon. Asset manager Grayscale has completed the fee-setting conducted prior to an ETF listing.
On the 4th (Korean time), crypto asset (cryptocurrency) specialist outlet The Block reported that Grayscale set the fee for the XRP spot ETF at 0.35%. Grayscale also set the same fee for a Dogecoin (DOGE) spot ETF.
Grayscale is a crypto asset asset manager that has recently shown the most proactive moves in the altcoin spot ETF market together with Bitwise.
Meanwhile, the industry expects the XRP spot ETF could be launched soon. The previous day, Nate Geraci, chairman of Novadius Wealth, predicted on X (formerly Twitter), "I expect the first XRP spot ETF to be launched within the next two weeks."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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