Ripple and Grayscale celebrate the first birthday: Is XRP ETF next?

September 2025 marks the first birthday of one of the most popular trusts in Grayscale that still has to be converted into a spot ETF – the XRP fund.

The largest crypto activity manager for X to celebrate the performance by sketching some of the characteristics of XRP and the network behind it.

Today marks the first birthday of the Grayscale XRP Trust $ XRP Is the native digital active of the XRP whides, built for fast and cheap payments, with emerging smart contract options via XRPL extensions

Open for private placement for eligible accredited … pic.twitter.com/30r9kopMQ2

– Grayscale (@GraysCale) September 5, 2025

What happened in 1 year?

Cryptopotato reported the XRP Trust launch, which saw the daylight on 5 September 2024, and was immediately followed by an impressive price increase for the underlying asset. Yet at the time of less than $ 0.6, the appreciation was not near today’s heights at almost $ 2.8.

The product had an impressive first year because it enables investors to get exposure to Token without worrying about the challenges of buying, storing and storing it, as the website explains. The trust follows the XRP market price, but the costs and costs are more modest.

With 301,500 outstanding shares, the total control assets were raised to almost $ 17 million, according to the site from Friday’s closure.

ETF Next?

As with its BTC and ETH trusts, Grayscale was quickly submitted to the US SEC to convert its XRP product into a fully regulated spot exchange-related fund. This happened shortly after Donald J. Trump was inaugurated when the 47th US President, Gary Gender, resigned as SEC chairman, and it became more than clear that there would be more favorable regulations for the cryptocurrency industry.

Given its success in converting his Bitcoin and Ethereum Trusts into spot ETFs, the application for the securities regulator is considered almost a guaranteed path for an XRP ETF. Grayscale, however, has tons of competition on that field, because the total number of such applications is on the office of the SEC 15.

The chances for approval by the end of the year on polymarket have risen to 94% after falling below 70% after a few weeks ago. Moreover, many experts believe that the actual opportunities are closer to 100%.