灰階推出專用 XRP 信託

作為 XRP 投資者的重大進展，Grayscale Investments 於 9 月 12 日宣布創建並公開推出 Grayscale XRP Trust。

Grayscale, one of the world's leading crypto fund managers, announced its plans to launch a closed-end XRP trust in the United States on Thursday. This move will allow accredited investors to purchase shares that track the price of the XRP token.

全球領先的加密基金管理公司之一 Grayscale 週四宣布計劃在美國推出封閉式 XRP 信託。此舉將允許合格投資者購買追蹤 XRP 代幣價格的股票。

The new Grayscale XRP Trust could pave the way for an XRP-based exchange-traded fund (ETF) in the United States, pending approval from the Securities and Exchange Commission (SEC).

新的 Grayscale XRP 信託可能為美國基於 XRP 的交易所交易基金 (ETF) 鋪平道路，目前正在等待美國證券交易委員會 (SEC) 的批准。

As the news spread, the price of XRP spiked sharply, according to CoinGecko data. The token rose by over 7% within the span of an hour, shooting from under 54 cents to as high as 57 cents, before settling at $0.5622 as of publication time.

根據 CoinGecko 的數據，隨著消息的傳播，XRP 的價格急劇上漲。該代幣在一小時內上漲了 7% 以上，從不到 54 美分飆升至 57 美分，截至發稿時穩定在 0.5622 美元。

Grayscale Introduces Dedicated XRP Trust

灰階推出專用 XRP 信託

In a major development for XRP investors, Grayscale Investments announced the creation and public launch of the Grayscale XRP Trust on Sept. 12. This trust will provide accredited investors with direct exposure to the popular XRP cryptocurrency.

作為 XRP 投資者的一項重大進展，Grayscale Investments 宣佈於 9 月 12 日創建並公開啟動 Grayscale XRP 信託。

“We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case,” said Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary. “By facilitating cross-border payments that take just seconds to complete, XRP has the potential to transform the legacy financial infrastructure.”

Grayscale 產品與研究主管 Rayhaneh Sharif-Askary 表示：“我們相信 Grayscale XRP Trust 可以讓投資者接觸到具有重要現實用例的協議。” “透過促進僅需幾秒鐘即可完成的跨境支付，XRP 有潛力改變傳統的金融基礎設施。”

We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale $XRP Trust, which will be available through private placement.

我們很自豪地宣布創建一個新的單一資產加密投資基金 Grayscale $XRP Trust，該基金將透過私募方式提供。

Available to eligible accredited investors.

可供合格的認可投資者使用。

Read the press release: https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT

閱讀新聞稿：https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT

The firm stated that the XRP fund is allowing daily subscriptions by eligible individual and institutional accredited investors. It functions like Grayscale’s other single-asset investment trusts and is exclusively invested in the token underpinning the XRP Ledger (XRPL).

該公司表示，XRP 基金允許符合資格的個人和機構認可投資者進行每日認購。它的功能與 Grayscale 的其他單一資產投資信託類似，專門投資於支撐 XRP Ledger (XRPL) 的代幣。

Grayscale previously managed an XRP Trust but dissolved it in 2021 after the Securities and Exchange Commission sued Ripple in late 2020 and claimed that the token was a security under U.S. federal laws. Ripple has since scored major victories in the high-profile case against the securities regulator, clearing the long-standing regulatory hurdles for XRP.

Grayscale 先前管理過 XRP 信託基金，但在美國證券交易委員會於 2020 年底起訴 Ripple 並聲稱該代幣是美國聯邦法律規定的證券後，該信託基金於 2021 年解散。此後，Ripple 在針對證券監管機構的備受矚目的案件中取得了重大勝利，掃清了 XRP 長期存在的監管障礙。

Grayscale has had prior success in transforming its Bitcoin and Ether trusts into spot exchange-traded funds. Its Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) are currently among the top investment products for institutional investors seeking exposure to the top two major cryptocurrencies, Bitcoin and Ether.

灰階先前已成功將其比特幣和以太信託轉變為現貨交易所交易基金。其灰階比特幣信託（GBTC）和灰階以太坊信託（ETHE）目前是尋求投資比特幣和以太這兩種主要加密貨幣的機構投資者的頂級投資產品。

XRP ETF Arriving Soon?

XRP ETF 即將到來？

Unlike an exchange-traded fund, which must secure the SEC's blessing before launching, Grayscale's new trust has fewer regulatory restrictions. But this also indicates that the XRP fund could be transformed into an ETF with the SEC's green light.

與交易所交易基金在推出前必須獲得美國證券交易委員會的批准不同，灰階的新信託受到的監管限制較少。但這也顯示XRP基金可以在SEC的批准下轉型為ETF。

“An ETF must be approved by the Securities and Exchange Commission since it is marketed directly to retail investors, while a trust's structure and sales pitch to so-called accredited investors gets a lighter regulatory touch,” Fox Business’ Eleanor Terrett noted in a separate report.

福克斯商業頻道的埃莉諾·特雷特(Eleanor Terrett) 在另一份報告中指出：「ETF 必須獲得美國證券交易委員會的批准，因為它直接面向散戶投資者銷售，而信託的結構和麵向所謂合格投資者的銷售宣傳則受到較寬鬆的監管。

Grayscale's launch comes at a time when the legal tussle between Ripple and the SEC has come to an end — perhaps. Ripple was ordered to pay $125 million in fines, which is a tiny fraction of the nearly $2 billion the SEC sought. There is ongoing speculation that the SEC may seek to appeal the ruling on XRP secondary trades.

Grayscale 的推出正值 Ripple 與 SEC 之間的法律糾紛結束之際——也許。 Ripple 被勒令支付 1.25 億美元的罰款，這與 SEC 尋求的近 20 億美元罰款相比只是微不足道。人們持續猜測 SEC 可能會尋求對 XRP 二級交易的裁決提出上訴。