Greyscale XRP Trust Launched! Is This the Start of XRP’s $22 Moonshot?

Published: Sep 13, 2024 Duration: 00:04:44 Category: Education

Tags : Crypto Bitcoin btc cryptocurrency Ethereum eth xrp ripple Cardano ADA ben armstrong

Trending searches: grayscale xrp trust

so I am confusion why is this one canas but this one is not our cansas America ex the average crypto investor can relate to this confusion massive story breaks or a highly anticipated event lies on the horizon then you find out it's just the age-old cycle of buy the rumor sell the news coinbase ipoed on April 14th 2021 investors were happy this was their moment but it was the local top of the market and prices will be down bad from there sell in May and walk away crypto face said Elon Musk was set to appear on Saturday Night Live on May 8 2021 and the moon was supposed to turn into a giant Dogecoin mom's basements everywhere were going to become vacant instead hopes and dreams were crushed early Thursday September 12th 2024 news broke the grayscale launched an xrp investment trust and in this video I'm going to show you why this is really a signpost the Lambos are drifting around the corner for the xrp Army maybe a $300,000 Hummer is more style let's get it I'm not AER welcome to the channel I'm your host the bit boy also the Master and Commander of the xrp army so make sure to smash that like button and subscribe to this channel for your marching orders I know what you're thinking a grayscale trust doesn't mean anything there are already so many other coins in grayscale trusts I heard your thoughts through a bend in the time space continuum not so fast it's true that Grace scale has Investment Trust for other coins near avac Soul even ethereum classic a smart contracts trust that includes Ada or a decentralized AI trust that includes render and none of these rocketed to the moon the next day it's bullish but it's bullish in the sense that it's gas in the tank to be drained during the Bull Run what's different about the xrp trust well the earliest grayscale crypto trusts in the game are also the first to be approved for ETFs Grace scale's Bitcoin trust was launched in 2013 ethereum's Grace scale trust was launched in 17 these both became ETFs this year I can hear your thoughts again xrp's great scale trust just launched yesterday it's not the earliest think again foolish mortal Grace scale's first plan for an xrp trust was back in 2018 making it the earliest after Bitcoin and Eve the powers the B were simply just not ready for this yet is the later SEC lawsuit will not only haul the launch of the trust to a dead stop it would cause xrp to be delisted from exchanges left and right it simply wasn't time yet for RP's violent breakout is a shadow of Elites chosen instrument for Global liquidity the price had to be suppressed so that the institutions could try their best to shake out the xrp Army now xrp is declared not a security Ripple versus SEC settlement is in and I believe we are likely to see xrp as the third approved ETF if this is what we see made no mistake it's been the play the whole time and although grce scale has launched trust for many other coin since 2018 xrp's place in line was being held the whole time it sounds like moon maath but an xrp P ETF especially followed by a ripple Labs IPO could feasibly send xrp to $22 maybe more are you looking for a reliable crypto exchange with low fees and high security the search can be overwhelming with so many options out there join FX using my affiliate link to get up to an $8,800 trading bonus right now experience top-notch trading features low fees and strong security click the link in the description to get started today so now you might wonder what is a trust versus an ETF anyways the difference is simple a trust is an investment agreement where the buyer gets exposure to an institution's portfolio through buying shares these are only available to accredited investors and can be held in tax advantaged accounts while spot ETFs offer buyers exposure through a fund to the underlying spot asset they're more liquid being bought and sold on exchanges like any single stock would ETFs are more bullish because of the degree of public exposure and the amount of the underlying spot asset the institution must buy over time to back the fund here's the thing great scale trusts are a huge step forward and seeing an ETF down the road and like I just pointed out xrp in reality is first in line it's not the latest edition so is this by the rumor sell the news or is it finally time to see a massive ripple effect leading to an xrp World banging takeover you can discuss this with other members of the bit Squad in our Discord the Link's in the description make sure to smash a like button and subscribe to the channel if you found value in this video I hope you did that's all I got be blessed boy out [Music]

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