Grayscale XRP Trust Ends 2024 With 300% 300% as 2024, XRP ETF Coming Soon!
As 2024 comes to an end, the Grayscale XRP Trust has become a highlight for cryptocurrency investors. The investment product made significant gains in November and December and is on track to achieve Over 300% at the end of the year grow. This year has been a game-changer for XRP, especially in the final months, driven by key developments in regulatory and political changes.
Grayscale XRP Trust hits 300% gain
Since its relaunch in September 2024, Grayscale XRP Share prices of trust companies rose sharply, attracting attention. The trust started at $10.85 per share and has surged to $45.46, marking a handsome return for early investors.
Much of this growth has to do with XRP’s year-end rally, which was largely influenced by: donald trump His pro-crypto sentiment emerged following his election victory.
The key driver of this surge is the wave of support for cryptocurrencies triggered by Donald Trump’s election victory. His pledge to support the cryptocurrency industry reignited investor enthusiasm, causing XRP to rise.
Additionally, many believe that the ongoing regulatory uncertainty surrounding XRP has begun to dissipate. The asset has long been embroiled in a legal dispute with the U.S. Securities and Exchange Commission (SEC) and has made positive developments, including a partial court victory in July 2023. These factors have increased investor confidence in XRP’s potential.
XRP Regulatory Clarity and ETF Hopes
The possibility of greater regulatory clarity for XRP is also exciting. Speculation is growing that XRP may soon get a spot exchange-traded fund (ETF), making them more accessible to institutional investors.
Analysts say the approval of an XRP ETF could attract billions of dollars in investment, further solidifying the asset’s position in the market.
The push for XRP ETF
Grayscale XRP Trust’s Outstanding Performance Sparks Discussions About Its Possibilities Discover the XRP ETF. Prominent crypto influencer Ben Armstrong, also known as Bitboy, recently highlighted the Grayscale XRP Trust’s impressive gains as a catalyst for accelerated ETF approval.
With several asset managers such as Canary Capital and Bitwise submitting applications for spot XRP ETFs, the industry is optimistic about good results. If approved, these ETFs could open new doors for institutional participation in XRP.
