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The ETF Store President: SEC Could Approve Grayscale Digital Large Cap ETF This Week, XRP, SOL Spot ETFs Could Be Approved Soon

2025.06.30 08:24:17

On June 30th, as stated in a post by Nate Geraci, President of The ETF Store, on X: "The U.S. Securities and Exchange Commission (SEC) is set to reach the final approval deadline for the Grayscale Digital Large Cap ETF (GDLC) this week. This ETF holds BTC, ETH, XRP, SOL, and ADA. The probability of approval is extremely high. Once approved, there may be subsequent approvals for spot ETFs for individual assets like XRP, SOL, ADA, and others." If the SEC approves GDLC, there is an added advantage as a "trial run" to incorporate more crypto assets into the ETF framework. Currently, XRP, SOL, and ADA together make up less than 10% of GDLC's holdings, which would be a gradual approach for regulatory bodies to explore other crypto assets.
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