灰度文件將XRP Trust轉換為spot ETF，為更廣泛的XRP採用鋪平了道路

紐約證券交易所ARCA已正式向SEC提交了一項提案，要求將Grayscale的XRP信託轉換為現場ETF。

NYSE Arca has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for the conversion of Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). This filing would enable the $16.1 billion trust to trade directly on NYSE Arca, making cryptocurrency investments more accessible to investors in the United States without requiring them to hold the digital asset.

紐約證券交易所ARCA已正式向美國證券交易委員會（SEC）提交了一項提案，以將Grayscale的XRP Trust轉換為現貨交易所交易基金（ETF）。該文件將使161億美元的信託能夠直接在NYSE ARCA上進行交易，從而使美國的投資者更容易獲得加密貨幣投資，而無需他們持有數字資產。

The trust's operational mechanism ensures both security and compliance. Coinbase Custody Trust Company will safeguard the cryptocurrency by storing it in cold wallets utilizing a distributed vault system that is impenetrable.

信託的運營機制可確保安全性和合規性。 Coinbase監護信託公司將通過使用無法穿透的分佈式保險庫系統將其存儲在冷錢包中來保護該加密貨幣。

Moreover, pricing data will be collected from the CoinDesk XRP Index, which aggregates data from prominent exchanges Coinbase, Kraken, and Bitstamp. This arrangement aims to prevent manipulation and ensure fair, transparent, and unmanipulated prices.

此外，將從Coindesk XRP索引收集定價數據，該索引從突出交換Coinbase，Kraken和Bitstamp匯總了數據。這種安排旨在防止操縱並確保價格公平，透明和未經操縱的價格。

The trust will also provide intraday indicative values every 15 seconds, Monday through Friday, from 4:00 AM ET to 8:00 PM ET. In addition to enhancing market integrity, both NYSE Arca and FINRA will continuously monitor trades to detect any manipulation or irregularities.

該信託還將每15秒（星期一至週五）從美國東部時間上午4:00到美國東部時間8:00。除了提高市場完整性外，紐約證券交易所ARCA和FINRA都將不斷監視交易以檢測任何操縱或不規則性。

The proposed ETF boasts institutional-scale infrastructure for investing in the Ripple cryptocurrency. Delaware Trust Company will serve as the trustee, while BNY Mellon will handle the transfer of units. A minimum creation and redemption unit of 10,000 units ensures smooth market operations. The net asset value (NAV) will be calculated daily to enhance transparency.

擬議的ETF擁有用於投資波紋加密貨幣的機構規模的基礎設施。特拉華信託公司將擔任受託人，而BNY Mellon將處理單位的轉移。最低創建和贖回單位10,000個單位可確保市場運營平穩。淨資產價值（NAV）將每天計算以提高透明度。

The ETF's composition tracks the price of XRP in the market, excluding fees and expenses. It utilizes the same creation and redemption method, which involves cash. This eliminates the need for investors to directly handle XRP, simplifying regulatory compliance.

ETF的組成跟踪市場上XRP的價格，不包括費用和支出。它利用涉及現金的相同創建和贖回方法。這消除了投資者直接處理XRP的需求，從而簡化了監管合規性。

Market makers engaged by the trust are also subject to stringent policies designed to prevent the abuse of inside information. The SEC has an initial period of 45 days, which may be further extended by 90 days, to review the application. Public comments will be invited shortly, enabling stakeholders to voice their perspectives on this historic development.

信託基金參與的做市商還受到旨在防止濫用內部信息的嚴格政策。 SEC的初始期限為45天，可以將其進一步擴展到90天，以審查申請。公眾評論將很快邀請，使利益相關者能夠對這一歷史發展的看法。

The SEC has 45 days to make an initial decision, which may be extended up to 90 days. The clock starts ticking once this hits the Federal Register. 9/21

SEC有45天的初步決定，可以延長到90天。一旦登陸聯邦公報，時鐘就開始滴答作響。 9/21

Grayscale's ETF application marks a significant step toward the token's integration into traditional finance. If approved, it could pave the way for increased XRP adoption, enhancing the token's exposure and practical utility among institutional and retail participants alike.

Grayscale的ETF應用程序標誌著代幣融入傳統金融的重要一步。如果獲得批准，它可能為增加XRP採用鋪平道路，從而增強了代幣的機構和零售參與者的實用性。

While the precedent set by other crypto spot ETFs lends credibility to this application, the unique attributes of the XRP market may provide this project with an inherent advantage. The fate of Grayscale's XRP ETF now lies in the hands of the SEC, a decision that has the potential to reshape the landscape of XRP investments in the United States.

儘管其他加密貨幣ETF設定的先例使該應用程序具有信譽，但XRP市場的獨特屬性可能會為該項目提供固有的優勢。 Grayscale XRP ETF的命運現在掌握在SEC手中，這一決定有可能重塑美國XRP投資的景觀。