#XRPETF spot continues to be a hot topic in the crypto market. Recently, the SEC has officially acknowledged Grayscale's application to convert its XRP trust into a spot ETF, marking the formal start of the review process. Although a leveraged XRP ETF (XXRP) has already been launched in the U.S., the community is optimistically awaiting the approval of a spot ETF that would allow investors to gain direct exposure to XRP in a more accessible way through traditional markets. The resolution of the legal case between Ripple and the SEC is seen as a key factor that could pave the way for such approval and potentially boost the price of XRP.