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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.