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Grayscale’s Potential Move: Adding Ripple’s XRP to Digital Large Cap Fund Post SEC Triumph – A Groundbreaking Milestone in Crypto

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  • Grayscale Investments has won a lawsuit against the U.S. Securities and Exchange Commission (SEC), strengthening its position and fueling speculation about the return of XRP to its Digital Large Cap fund.
  • This legal victory comes on the heels of Ripple also winning a court case against the SEC, leading XRP community figures to urge Grayscale to re-include XRP in its fund offerings.

The Legal Framework: Grayscale’s Latest Win

Grayscale Investments, an industry bellwether in digital asset management, recently achieved a landmark legal victory against the U.S. Securities and Exchange Commission (SEC). The digital investment titan accused the SEC of capricious behavior for rejecting its proposal to morph the Grayscale Bitcoin Trust into a spot-based exchange-traded fund (ETF). The court sided with Grayscale, fueling speculation that this ruling may also foster a more receptive environment for a spot-based Bitcoin ETF.

A Ripple Effect: XRP’s Case for Re-Inclusion

In light of Grayscale’s legal triumph, figures in the XRP community are calling for the reintroduction of XRP into Grayscale’s Digital Large Cap Fund. The fund had delisted XRP in January 2021, shortly after the SEC’s then-contentious assertion that XRP was an unregistered security. Subsequently, Grayscale dissolved its standalone XRP Trust, citing the untenability of trading XRP for U.S. dollars due to its delisting on major U.S. exchanges.

However, the SEC’s suit against Ripple concluded recently with the court ruling in favor of Ripple, establishing that XRP is not an unregistered security. Consequently, U.S.-based exchanges like Coinbase and Kraken have relisted the asset. Yet, Grayscale has maintained radio silence regarding any plans to bring XRP back into its fund ecosystem.

Community members like “Riz,” an active participant in the XRP social dialogue, are raising pertinent questions.

“When is the return of XRP on Grayscale Digital Large Cap? It’s time.. A level Playing Field,”

Riz remarked on social media. Given Grayscale’s fresh legal success, community voices like Riz argue that Grayscale has both the legal latitude and market incentive to reincorporate XRP.

The trading volume of XRP has witnessed a significant uptick, nearly reverting to its pre-lawsuit levels. Its re-inclusion in Grayscale’s portfolio could catalyze this momentum, fortifying XRP’s market position. As it stands, Grayscale has yet to signal any intention to reconsider its stance on XRP, leaving the community and market analysts in anticipatory limbo.

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628
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