Follow me on Twitter: @moonlamboio
SIGN UP FOR A FREE 7 DAY TRIALGET YOUR .CRYPTO DOMAIN AT UNSTOPPABLE DOMAINS
TRADE CRYPTO ON BINANCE HERE "LOW FEES"
DISCLAIMER: I am not a financial adviser. None of what I have communicated verbally or in writing here should be considered financial advice; it is not. Do your own research before investing in any digital asset, and understand that investing in any cryptocurrency is inherently risky. If you do, you need to be prepared to lose your entire investment.
Hello this is Matt on the moon Lambo Channel last night news broke that Grayscale purchased xrp and added it to Their large cap investor Fund uh this is fascinating because you Know what they didn't do they didn't Start back up their xrp trust which was Terminated after the SEC decided to sue Ripple now why might that be uh I have a Theory on that I want to run by you Folks and you tell me what you think About this but um if my theory in up Being correct it's actually a good thing But regardless it's fantastic to see That grayscale is uh gotten back into The world of xrp in fact they uh they Booted a separate cryptocurrency from The large Cap Fund to make room Specifically for xrp so whatever you Think if you're one of the people Whatever that's feeling a little bit Down about xrp price I'm I'm not that Way xrp price is what it is it moves With the rest of the market I know you Want it higher right now and you see Salana pop off and it makes you feel sad And you're missing out set that aside For a moment because what I'm showing You right here is that on an Institutional level grayscale as I Always expected would be the case is Back in the xrp game and I think it's Just going to get bigger for them and so If you're one of the people that's
Fearful understand that you know about Xrp specifically understand that Grayscale one of the most well-known Institutions in the in the world of Crypto is not afraid they do not share Share that concern so I'm going to share With you the specifics as well as my the As to why they have purchased xrp they Put it in a fund but they haven't Started back up their xrp trust and it's Probably a good thing well it could be Anyway but uh before going further I do Want to be clear I do not have a Financial background of any kind I am Not offering Financial advice and you Definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun now just as a friendly Reminder here's the specifics you Remember the scary news three years ago Right here you have from coin Telegraph January 14th 2021 grayscale Investments liquidates All of its xrp while it still Can what a scary sounding headlines you Got to get out of that xrp thing what an Sord coin my how things change in three Years remember back then it was going to Zero and all that is going to be out of The top 10 in short order none of that Happened none of that happens the
Adoption just increases actually from a De developer perspective and just keeps Moving in tandem with the rest of the Market but it reads as follows Institutional crypto fund manager Grayscale Investments has begun the Dissolution of its xrp trust in response To the Security and Exchange Commission's December 2020 lawsuit Alleging the xrp token is a security Under us law okay now I was want to make Sure everybody's on the same page before We go forward because the specifics of This actually materially matter the xrp Trust was an investment vehicle for People who wanted exposure to xrp Specifically specifically xrp but didn't Want to go through the trouble of Purchasing it themselves you know like Getting like maybe creating a coinbase Account there that so there's a market For it uh you did have to be in Accredited investor though in order to Get into the the xrp trust but actual Xrp was held um and so just want to make Sure everybody is aware of that Important detail you'll see as I Circle Back around to this topic a little bit Later on the video why it matters but Anyway uh peace continues according to An announcement published Wednesday gry Scale decided to dissolve the trust and Response to the spect of xrpd listings For major crypto asset exchanges after
The sec's complaint was filed gry skll Said in I quote it is likely to be Increasingly difficult for us investors Including the trust to convert xrp to US Dollars and therefore continue the trust Op trusts operations end quote all xrp Held by the trust has already been Liquidated with grayscale intending to Distribute the net cash proceeds to xrp Trust shareholders after deducting Expenses the trust will be terminated Following the distribution of said cash And so look after this happened I said The whole time throughout the lawsuit Grayscale is going to be getting back Into xrp and I said why wouldn't they Reboot the xrp trust um and again I Don't want to I want to do this in a Particular order but I will say uh I'm Not convinced necessarily that they will Reboot the xrp trust just hang tight With me though um so then we also had This I'm not sure if you guys caught This this was at the end of 2023 xrp ETF May be on cards as grayscale sponsors Xrp price display together with Bitcoin And I don't need to read through the Article I'm sure a lot of you have Already seen this but there was this Screen grab that was shared by xrp Community member Chad Steingraber and it shows Um it's a still from CNBC and it shows The price of Bitcoin ether and xrp now
That in and of itself wouldn't be Attention grabbing but what got this to Go kind of viral within our xrp Community is if you look in the top Right you can see that this was Sponsored Ed by Grayscale and so here's what Chad had to Say tell me with a straight face that Grayscale isn't about to reboot their Xrp ETF funds and so I will tell you With a straight face what my honest Reaction was it was I don't know that This means anything because just the Fact that it's sponsored by grayscale I I don't have information to tell me that Grayscale picked those three coins to be Displayed on the screen in fact the way Sponsorships work is you know you'll You'll get a sponsorship on a a Particular block whatever may be it Could be a podcast it could be a National television as is the case here With CNBC you're sponsoring a segment Whatever it may be or a program and then Uh the the you don't decide the content Of the program it makes sense that They'd be interested in sponsoring Something that's a crypto segment it Doesn't necessarily mean that they're Choosing uh what crypto material is in The Segment so could it mean something Specifically could there be something That we're just una aware of yes does it
Mean that I think people are getting a Little ahead of themselves going quite That far but uh but that's just because There's a lack of information but even Even thinking through that on my own I Was still thinking yeah but grce skill Is going to get into like xrp like I I Just I had no doubt that they'd Ultimately get back in I've always held That position I've said that many times On my channel that never I never wavered On that I was just saying this Specifically is is this an indication That's going to happen I don't know Maybe but I don't have any proof of that So I'm not going to assume that it is I Me guess I guess maybe but again knowing That that's not how sponsorships Typically work I was Like so that's what was speculated in The article there and so I don't think It's crazy to speculate that it could Have meant something about you know an Xrp ETF or whatever but uh I just Personally wasn't completely Convinced um but then we get to the news Today here again grayscale adds xrp to Its gdlc fund is xrp ETF next and Totally fair question absolutely totally Reasonable to be talking about this Grayscale has readded xrp to the digital Large Cap Fund one of its largest Investment products by assets under Management sparking anticipation of a
Possible xrp ETF product in the near Future the digital asset investment firm Disclosed this in a press release last Night notably the announcement detailed A quarterly rebalancing of some of Grayscale's investment products Including the grayscale defi fund the Grayscale digital large Cap Fund and the Grayscale smart contract platform X Ethereum fund the grayscale digital Large Cap Fund which aims to give Investors exposure to some of the Largest crypto assets by market Capitalization contained Bitcoin eth Salana poly cardano and Avalanche However the company disclosed in the Latest announcement that they had sold Off some components to procure more Avalanche tokens and xrp tokens as part Of the quarterly rebalancing move Subsequently they have re added xrp to The fund replacing madic which is Polygon so polygon's out madic is out uh And through an xrp love to see it now Mind you um nothing against polygon I Actually hold it it's just that xrp is My largest holding so put all the money There there you know that's just my Personal bias right um so happy to see That that's that's great again I I'm not Surprised to see something like this um So real actual xrp is being purchased Right here and so the more demand there Is the better the more they'll have to
Purchase but again this is just for Accredited investors the big money the Real big money would be in an uh an xrp ETF getting approved which I think is Probably inevitable I don't pretend to Know when or who would get such a thing First but uh I wouldn't be surprised to See that there would be companies vying For that with the legal Clarity Grayscale these people are not idiots It's not that they wanted to get rid of Their xrp fund they didn't want the Trust you know they didn't want to get Rid of it they felt like they were in a Position where the only reasonable thing To to you know looking you know from a Fiduciary perspective the most Responsible thing is to take care of the Investors that put money in it and there Was a real concern that liquidity would Dry up in the United States I totally Get it they were put in that position But of course they came back and it Makes sense for them to come back so the Big question is great to see him add This but uh and I actually brought this Up in recent months where the hell is The xrp trust why don't we have an xrp Trust that has not come Back could it come back yes S I would Love to see it if it comes if we see News the xrp trust is back great I my Speculation that I was teasing at the Outside of the video though is that
Instead of the trust coming back I think They're going to skip potentially anyway They could just skip right on over that And go straight for an xrp ETF because Look this fund like this this digital Large Cap Fund it's already in existence Throwing xrp in not a big deal there's Already demand for the fund whatever They throw in the investors probably Like okay cool that makes sense no's Going to be squawking at xrp especially Since it's 2.54% of the entire market Cap of the fund it's nothing crazy right Nobody's going to be squawking at that Their customers customers undoubtedly Will be perfectly happy so um that That's not surprising but then if you're Talking about booting back up an xrp Trust That takes real work I can only imagine What it is like I I don't come from that World so I I can't I don't know exactly What that would look like but you you Need to pitch the Product if if ultimately we're in this World where we're about to get our first Spot Bitcoin ETF uh people are you know Entities are going for eth uh trusts Also or not trusts um I said the wrong Thing so we're in the world we're Getting the first spot Bitcoin ETF Inevitably I mean it seems like it's Days away and then we're the entities Are also going for eth ETF
Well why are we going to start up a Trust when the big money is with the uh Is with the the ETFs so why not just Skip over that you know why even Structure the thing from a legal Perspective and have all the lawyers do The work they draft it up and then and Get all the money in only to then turn Around and then convert it to an xrp ETF Because the the ETF is what matters Because that's that's what gets traded On major stock exchanges like New York Stock Exchange NASDAQ so on and so forth So then it's open up to everybody and Not just accredited investor that would Be that's that's where you want to go so What's the point if you're going to to Create an xrp trust if you know that What you actually want is an ETF so the Fact that they're throwing xrp in here In this fund which already exists that Makes sense and if they want they could Convert this into a fund because look They've made no bones they've been very Public about their whole strategy from The beginning with their Bitcoin trust Was to convert it into an ETF ultimately That's been the whole strategy this is Not a secret so the fact that they're Throwing xrp in something that already Exists is it makes sense rather than Starting up an a brand new xrp trust so My speculation and it is just healthy Speculation is that they may not start
Up the xrp trust and I could be wrong But I'm I'll just speculate it might be The case that they won't they'll skip Right on over that and go for an xrp ETF They're obviously not shy about xrp they Just bought it their customers have Exposure to xrp now today they're back Like it's it's it's done so I would love To see now if we do get a trust because I could be wrong I'll I'll applaud that I'll make a video being hey this is Still great news I don't know what They're thinking is great still would be Happy to see it but uh if they given That they haven't done that and it's Been a good half a year since xrps had Legal Clarity and they're obviously very Comfortable with xrp and they know it Makes sense that's why I'm speculating That perhaps it's the case that instead What they're going to do is just go Straight for the big money go straight For the ETF now it makes sense so we'll See what happens and again I admit it's Just speculation but that could be the Case you guys let me know what you think About my theory I'm not a financial Adviser you should not buy yourself Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo
