The NYSE Arca moved Thursday to convert Grayscale's $XRP Trust into an $XRP ETF, effectively adding the crypto-focused asset manager into the list of institutions seeking to offer regulated exposure to the XRP Ledger's native cryptocurrency.

NYSE Arca, a New York Stock Exchange subsidiary, filed the paperwork to transform Grayscale’s $16.1 million XRP Trust into a spot exchange-traded fund (ETF). According to the filing, Coinbase Custody Trust Company,

Grayscale has filed with the SEC to list an XRP ETF on the NYSE Arca, following last week’s Solana and Litecoin ETF filings.

Grayscale seeks to transform XRP Trust into a spot ETF, seeking NYSE approval to provide direct XRP exposure to investors.

NYSE Arca, a subsidiary of the New York Stock Exchange, took a significant step toward converting Grayscale's XRP Trust into a spot exchange-traded fund (ETF). The move was initiated through the submission of a 19b-4 filing, indicating a formal proposal for the conversion process.

NYSE Arca files to list Grayscale's Dogecoin ETF, offering investor Dogecoin exposure without direct ownership; SEC decision pending.

Grayscale launches a Bitcoin mining ETF on NYSE Arca, providing targeted exposure to top Bitcoin mining firms like Marathon and Riot.

New York Stock Exchange (NYSE) Arca has submitted a 19b-4 filing seeking to convert Grayscale’s XRP Trust into a spot ETF, with the trust fund’s AUM at approximately $16.1 million.