Seyffart says that ongoing SEC lawsuits involving XRP assert that the cryptocurrency is a security, barring it from being approved for an ETF. If Atkins is confirmed, it is likely

Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.

The NYSE Arca moved Thursday to convert Grayscale's $XRP Trust into an $XRP ETF, effectively adding the crypto-focused asset manager into the list of institutions seeking to offer regulated exposure to the XRP Ledger's native cryptocurrency.

The world's third-largest cryptocurrency could gain mainstream investment access as Grayscale seeks SEC approval for first-ever XRP ETF product.

Grayscale has filed with the SEC to list an XRP ETF on the NYSE Arca, following last week’s Solana and Litecoin ETF filings.