Crypto asset manager XRP exchange-traded fund, joining a long list of companies applying for crypto ETFs to take advantage of the Trump Administration’s friendlier Bitcoin’s lesser-known relative.
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 that he will either wind down or drop these suits entirely, but it’s unclear when that will happen. The same applies for Solana ETFs, which Grayscale has also filed for.
