US SEC unlikely to approve XRP spot ETF

Crypto analysts believe that the US Securities and Exchange Commission (SEC) is unlikely to approve an XRP spot ETF, Cointelegraph reports. They cite the fact that XRP does not have a futures ETF, unlike BTC and ETH, and that the SEC and Ripple are still in litigation. "Until the SEC recognizes that XRP is not a security, approval of an XRP ETF is not feasible," said Townsend Lansing, head of product at Coinshares. Scott Johnsson, partner at Van Buren Capital, agrees: "I think it will take new leadership at the SEC (for an XRP ETF to be approved).