$XRP The SEC has approved Bitcoin futures EFTs but has been hesitant to approve spot crypto EFTs. The approval of a spot xrp EFT would set a precedent and could signal a shift in the SEC’s approach to cryptocurrency regulation.

The outcome of the SEC’s lawsuit against Ripple Labs could influence the decision. If the lawsuit resolves in favor of Ripple, it could remove a significant regulatory overhang and improve the chances of approval. Conversely, an unfavourable outcome could further delay or complicate the process.

The $16.1 million in assets under management indicates existing interest in xrp. If institutional demand continues to grow, it could pressure the SEC to approve the EFT to meet market needs.