According to Odaily, since the election of U.S. President Donald Trump, numerous companies have submitted applications for cryptocurrency ETFs, including those for Solana, Dogecoin, and Litecoin. Grayscale, a crypto asset management firm, has also applied for an XRP exchange-traded fund (ETF). However, Bloomberg analyst James Seyffart advises caution, noting that while an XRP ETF might be approved by 2025, other cryptocurrency ETFs could be approved sooner. The ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC) regarding whether XRP is a security complicates the situation. In contrast, the SEC has never classified Litecoin as a security, making the approval of a Litecoin ETF more likely in the near future.

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