XRP included in Grayscale’s new ETF filing – billions of dollars incoming?

Grayscale aims to convert its Digital Large Cap Fund into a publicly traded ETF, allowing broader access to retail investors. XRP constitutes 5.8% of the fund, valued at 600 million USD which currently charges a 2.5% management fee.

While ETF approval could elevate demand for XRP, the token has recently faced market challenges with a 0.9% decline in the last 24 hours. Given bearish market sentiment, XRP risks a further drop of 15% unless it manages to exceed the 2.60 USD mark.