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.

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 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.