Following Bitcoin (BTC) and Ethereum (ETH), other altcoin ETFs have been approved in the US, and XRP is one of them.
While XRP is in the focus of both institutional and individual investors, Grayscale stated that XRP is one of the most frequently inquired-about cryptocurrencies by investors.
Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, stated that their clients constantly ask questions about XRP.
Speaking during an XRP Community Day, Sharif-Askary said that interest in XRP extends far beyond individual investors and that his clients frequently ask financial advisors questions about XRP.
At this point, Sharif-Askary described XRP as one of the most talked-about cryptocurrencies among investors, noting that it ranks second in demand after Bitcoin.
“Advisors are constantly being asked about XRP by their clients, and in some cases, XRP becomes the second most talked-about asset after Bitcoin.”
Grayscale is among the companies that have launched a spot XRP ETF, providing investment opportunities in XRP. According to SoSoValue data, Grayscale’s XRP ETF, called GXRP, has seen significant interest since its launch, with daily net inflows exceeding $30 million several times.
*This is not investment advice.
