# XRP Fund

*Grayscale Unveils XRP Fund, Boosts Price*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-09-14

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Grayscale has launched a closed-end fund for XRP, sparking a price surge as investors anticipate increased institutional involvement.

**Highlights:**

\- **New XRP Fund:** Accredited investors can now access XRP through this fund.

\- **Potential ETF:** The launch may hint at a future XRP ETF.

\- **Ripple’s Legal Win:** Ripple's recent court victory against the SEC has reduced regulatory risks.

\- **Cross-Border Benefits:** XRP’s quick, cost-effective transactions enhance its appeal.

The new fund is seen as a step towards broader adoption and greater institutional interest in XRP.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/xrp-fund)*