The Securities and Exchange Commission (SEC) has granted approval to Grayscale’s Digital Large Cap Fund (GDLC), a significant development marking the debut of XRP within a U.S.-listed spot cryptocurrency exchange-traded fund (ETF). GDLC becomes the first U.S. spot crypto ETF to include XRP alongside Bitcoin and Ethereum within its investment portfolio.
According to the fund’s structure, Bitcoin holds the dominant position, constituting 80% of the portfolio allocation. Ethereum follows with an 11% weighting, while smaller allocations are made to Solana, Cardano, and notably, XRP.
This regulatory approval is viewed as a substantial step in enhancing the legitimacy of XRP and other alternative cryptocurrencies (altcoins) within the traditional investment landscape. Industry observers anticipate the move could increase institutional investor participation and contribute to greater overall market liquidity for the included assets.
The SEC’s decision on GDLC follows its recent approvals for spot ETFs dedicated solely to Bitcoin and Ethereum. This pattern is interpreted as indicative of a growing trend towards the mainstream acceptance and availability of cryptocurrency investment vehicles.
Market analysts further speculate that XRP’s inclusion in this prominent multi-asset fund could act as a precursor, potentially paving the way for regulatory approval of standalone XRP spot ETFs in the future. Such developments would broaden accessible investment options within the expanding digital asset market.