Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit?
2025-07-01 21:28:33
Main Idea
The SEC is expected to approve Grayscale's Digital Large Cap Fund (GDLC) as an ETF, which could pave the way for future altcoin ETFs, including those tracking XRP, Solana, and Cardano.
Key Points
1. Nate Geraci predicts a 'high likelihood' of approval for GDLC, which holds Bitcoin, Ethereum, XRP, Solana, and Cardano, marking the SEC's first approval for such an altcoin-inclusive ETF.
2. Approval of GDLC could serve as a 'test run' for the SEC before considering standalone spot ETFs for XRP, SOL, and ADA.
3. Grayscale has filed separate proposals to convert its XRP and SOL trusts into spot ETFs, with the SEC already acknowledging the Solana ETF proposal.
4. Institutional demand for crypto ETFs is rising, with spot BTC ETFs attracting over $2.2 billion in inflows recently.
5. The amended S-3 form allows up to 15% of ETF holdings to be private assets, with some issuers creatively exceeding this limit.
Description
The U.S. Securities and Exchange Commission (SEC) is expected to rule on the Grayscale Digital Large Cap Fund (GDLC) this week, and an expert thinks a green light is almost guaranteed. Nate Geraci, president of the ETF Store, predicted a “high likelihood” of approval, with such a decision potentially unlocking the path for the first U.S. spot ETFs tracking major altcoins like XRP, Solana (SOL), and Cardano (ADA). The Stepping Stone for Altcoin ETFs Grayscale’s GDLC is a diversified trust holding...
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