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

A Bloomberg analyst reportedly thinks that a Litecoin (LTC) exchange-traded fund (ETF) will likely secure regulatory approval ahead of a similar product for payments altcoin XRP.

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.

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