According to BlockBeats, Grayscale has announced the launch of the first U.S.-based XRP trust, as reported by FOX Business. The new trust is designed as a “closed-end” fund, offering qualified investors direct exposure to XRP.Trusts and ETFs are distinct investment products. While ETFs require approval from the U.S. Securities and Exchange Commission (SEC) and are marketed to retail investors, trusts are subject to fewer regulations and are typically offered to accredited investors. However, a trust can eventually be converted into an ETF with the appropriate regulatory approvals.
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