In 2024, Grayscale’s XRP Trust delivered a stunning 300% gain, climbing from $10.85 to $45.46 per share. The surge was driven by a mix of political winds and regulatory support, with Donald Trump’s pro-crypto stance sparking a fresh interest in XRP (XRP-USD). This dramatic rise has caught the eye of investors and crypto enthusiasts, pushing XRP into the spotlight. CNBC notes that the trust’s success has fueled speculation about the potential for a spot XRP ETF in 2025.
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XRP ETF Speculation Intensifies
As the Grayscale XRP Trust continues to break records, the crypto community is closely watching the potential launch of an XRP ETF. According to CoinDesk, several asset managers, including Canary Capital and Bitwise, have already filed for spot XRP ETFs, which could open the door for more institutional investment. With the trust’s stellar performance, the conversation around the ETF has gained serious momentum, with figures like Ben Armstrong, also known as “Bitboy,” predicting it could be the catalyst XRP needs to reach new heights.
As 2024 has ended, the Grayscale XRP Trust’s meteoric rise shows the power of aligning regulatory clarity, political backing, and investor enthusiasm. If the XRP ETF gets approved in 2025, XRP could see even greater institutional involvement. At the time of writing, XRP is sitting at $2.1138.
