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Grayscale XRP ETF Soars 218% Since Launch; $3 Soon?
December 26, 2024 – In a remarkable turn of events, the Grayscale XRP ETF (Grayscale XRP Trust) has witnessed an astonishing surge of over 218% since its inception. This impressive growth has not only stunned industry experts but also piqued the interest of investors worldwide.
According to latest reports, the ETF’s assets under management (AUM) currently stand at a staggering $11.4 million, a testament to the rapid accumulation of trust in this innovative investment tool. Notably, the surge in AUM has directly translated into a significant 60.82% growth in XRP tokens within a month.
At the time of publication, it appears that the cryptocurrency is trading at approximately $2.16, having previously reached its yearly peak at $2.71. The rapid ascent of this ETF has also led to a colossal 243% hike in just one month alone.
Grayscale XRP Trust’s remarkable performance is expected to continue well into the end of the year, with many experts predicting that it will reach an unprecedented mark of 300%.
Source: www.cryptonewsz.com
