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

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,

Grayscale Investments has submitted a proposal to convert its XRP (CRYPTO: XRP) Trust into an exchange-traded fund at the New York Stock Exchange. The move comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets.

Grayscale Investments has filed to convert its $16 million XRP Trust into an NYSE-listed ETF, joining five other firms awaiting approval amid rising trading volumes and potential government interest in the digital asset.

Grayscale seeks to transform XRP Trust into a spot ETF, seeking NYSE approval to provide direct XRP exposure to investors.

NYSE Arca, a subsidiary of the New York Stock Exchange, took a significant step toward converting Grayscale's XRP Trust into a spot exchange-traded fund (ETF). The move was initiated through the submission of a 19b-4 filing, indicating a formal proposal for the conversion process.

It's the season of crypto ETFs, and according to FOX Business journalist Eleanor Terrett, the XRP community will get some new applications in the coming week

XRP continued its consolidation within a bullish pennant as it’s looking to break the pattern's upper boundary resistance. If XRP can break the resistance and hold it as a support, it could rally 27% to set a new all-time high at $4.10. However, it also has to overcome its all-time high resistance at $3.55 for such a move to materialize.

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