Summarize this content to 2000 words SEO optimized article with 6 paragraphs in English Grayscale filed a 19b-4 Form with the New York Stock Exchange (NYSE) to trade its XRP Trust on Jan. 30, which equates to converting the product to an exchange-traded fund (ETF).The trust was introduced on Sept. 12 and currently holds $16 million, equivalent to 1.2% of the total assets under management of XRP exchange-traded products (ETP), as CoinShares reported.When the trust was introduced, the crypto community started speculating on a potential ETF filing.Recently, JPMorgan estimated that XRP ETPs could attract between $4 billion and $8 billion. The estimate used Bitcoin (BTC) and Ethereum (ETH) products and their respective market caps as base.ETF runOne of the most common arguments against approving an XRP ETF is the lack of previous futures contracts for these assets. However, a leaked CME page hinted at XRP and Solana (SOL) futures launching on Feb. 10.Despite the leak, CME did not release an official statement, and the page was quickly taken down.Nevertheless, Bloomberg ETF analysts Eric Balchunas and James Seyffart predicted a “wave of crypto ETFs” this year, including XRP funds. Yet, they said those might take a while, given the US Securities and Exchange Commission (SEC) lawsuits claiming XRP is an unregistered security.The chances of an XRP ETF approval may increase, as President Donald Trump is reportedly talking to Ripple about adding XRP, USD Coin (USDC), and SOL to a potential digital asset stockpile for the country.In addition to the Grayscale XRP Trust, five other spot XRP ETFs, filed by Bitwise, Canary Capital, 21shares, WisdomTree, and Rex & Osprey, await approval.Mentioned in this article Author Gino Matos Reporter at CryptoSlate Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi). EditorAssad Jafri Editor & Reporter at CryptoSlate AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
