SEC Approval of Grayscale’s Multi-Crypto ETF Including XRP May Signal Future XRP Spot ETF Possibilities
2025-07-03 03:13:57
Main Idea
The SEC's approval of Grayscale's multi-crypto spot ETF, which includes XRP, marks a significant step for cryptocurrency investment products and could pave the way for future standalone XRP ETFs.
Key Points
1. Grayscale's Digital Large Cap Fund (GDLC) is the first U.S.-based spot ETF to include XRP, alongside Bitcoin and Ethereum.
2. The fund's portfolio allocates 80% to Bitcoin, 11% to Ethereum, and smaller positions in Solana, Cardano, and XRP.
3. This approval enhances the legitimacy of XRP and other altcoins, potentially increasing institutional inflows and market liquidity.
4. The SEC's decision follows recent approvals of Bitcoin and Ethereum spot ETFs, indicating a trend toward mainstream crypto investment products.
5. The inclusion of XRP in GDLC may lead to future approvals of standalone XRP spot ETFs, broadening investment opportunities.
Description
The U.S. Securities and Exchange Commission (SEC) has approved Grayscale Investments’ Digital Large Cap Fund (GDLC) to convert into a spot cryptocurrency ETF, marking a landmark inclusion of XRP alongside
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