The US Securities and Exchange Commission (SEC) has commenced its first formal review of a spot XRP exchange-traded fund (ETF). This move comes after Ripple Labs’ challenging legal struggle with the SEC finally concluded. Approval of a spot XRP ETF would significantly benefit the XRP community, opening doors for new investment opportunities. The potential launching of this ETF marks a pivotal moment in the cryptocurrency landscape. Market watchers are hopeful that increased acceptance from regulatory bodies can solidify Bitcoin’s impact and acceptance in mainstream finance, contributing to the growth of XRP.