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

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

The Grayscale 19b-4 filing submitted to the US Securities and Exchange Commission (SEC) seeks to offer investors regulated means to invest in XRP. With approximately $16 million in assets under management, the Grayscale Trust is one of the largest XRP investment funds globally.

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

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

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 XRP price edged down a fraction after Grayscale filed for a Spot XRP ETF, while this crypto wallet token closes on $9 million in presale.

NYSE Arca, a New York Stock Exchange subsidiary, filed the paperwork to transform Grayscale’s $16.1 million XRP Trust into a spot exchange-traded fund (ETF). According to the filing, Coinbase Custody Trust Company,