Opinion: XRP spot ETF won’t be approved “any time soon”

While ETF issuers may be considering launching a spot XRP ETF, analysts say investors shouldn’t expect regulatory approval “any time soon.” Analysts explained that with the SEC’s ongoing litigation against Ripple and the lack of approval of an XRP futures ETF product, the chances of a spot XRP ETF being approved will be significantly lower. Townsend Lansing, head of product at CoinShares, said that unless the SEC is forced or agrees to abandon the position that XRP is a security, the XRP ETF will not be feasible; Scott Johnsson, a partner at Van Buren Capital, also said that he thinks the possibility is "very small" , may require new leadership at the SEC. (Cointelegraph)