news 
Breaking: XRP ETF Proposal Filed by $1.53 Trillion Investment Giant
A significant development has emerged in the cryptocurrency space as Volatility Shares, a massive investment giant with over $1.53 trillion in assets under management, has filed to launch an exchange-traded fund (ETF) tied to Ripple’s XRP token.
This is a major breakthrough for Ripple and its community, as it marks the first instance where a large-scale institutional player like Volatility Shares has taken an interest in listing an ETF for the popular cryptocurrency. The news sent shockwaves throughout the market, causing the price of XRP to spike by over 5% in the past 24 hours.
As per reports, Volatility Shares has filed two separate proposals with the Securities and Exchange Commission (SEC), seeking approval to list an ETF that tracks the performance of the Ripple’s XRP token. The filings are a significant step forward for Ripple, as they demonstrate a willingness on the part of large-scale institutional players to engage with the cryptocurrency.
It remains to be seen whether the SEC will approve these proposals, but it is undeniable that this development is a major positive sign for Ripple and its community.
Source: https://u.today/breaking-xrp-etf-proposal-filed-by-153-trillion-investment-giant
