Emre Yumlu 
In recent days, the SEC approved 21Shares’ Spot XRP ETF application, and now it has also accepted CoinShares’ Spot XRP ETF application.
The U.S. Securities and Exchange Commission (SEC) has accepted CoinShares’ Spot XRP ETF application. This development signals growing institutional interest in Ripple while also indicating a progressively more favorable regulatory stance toward spot crypto ETFs in the U.S.
Is the SEC Easing Its Crypto ETF Policy?
Recent developments are being interpreted as a sign of a shift in the SEC’s stance on cryptocurrencies. As a reminder, the SEC filed a lawsuit against Ripple in 2020, alleging that XRP was issued as an unregistered security. However, in August 2023, a court ruled that XRP could not be classified as a security in all cases but could be considered as such under specific circumstances.
CoinShares’ Crypto ETF Application: XRP Approved, Litecoin Decision Pending
CoinShares, a long-established company in the crypto investment space, had submitted ETF applications for Litecoin (LTC) and XRP in partnership with Nasdaq. Today, the SEC approved CoinShares’ Spot XRP ETF application. While this is a significant milestone for Ripple investors, the fate of the Litecoin ETF application remains uncertain.
The approval of the Ripple ETF could attract more institutional investors to the market by offering a regulated and secure investment vehicle. Given the SEC’s past legal actions against Ripple, this approval is also seen as a potential softening of the regulator’s stance on the crypto market.
Will the Litecoin ETF Be Approved?
The Litecoin ETF application is still under review by the SEC. Despite Litecoin being a well-established digital asset known for its faster transaction speeds and lower costs compared to Bitcoin, the SEC’s position on the application remains unclear. If approved, it would mark a significant step toward mainstream adoption of crypto investment products.
As the crypto market closely watches the SEC’s decision on CoinShares’ Litecoin ETF application, the impact of the Ripple ETF approval on the sector remains highly anticipated.
In the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, Youtube, and Twitter for the latest news and updates.