Grayscale has submitted a proposal to the SEC to convert its XRP Trust into an exchange-traded fund (ETF).The SEC is set to review Grayscale's proposal, with a potential acknowledgment coming as early as February 14, 2025.The possibility of an XRP ETF has sparked renewed optimism among investors and led to a surge in trading volumes on XRP-native applications.If the SEC approves Grayscale's proposal, XRP price could experience a significant surge, similar to Bitcoin's rally following ETF approvals.