🚀 XRP ETF on the Horizon? SEC Greenlights Grayscale’s Multi-Crypto Fund – Is Ripple Next?
The SEC just cracked open the door for crypto ETFs—and Grayscale’s multi-asset fund is first in line. Now, traders are betting Ripple’s XRP could be the next domino to fall.
### The ETF Gold Rush Begins
Wall Street’s latest love affair with crypto isn’t Bitcoin or Ethereum—it’s the SEC’s surprise approval of Grayscale’s diversified ETF. The move signals regulators might finally be warming to altcoins (or just ran out of excuses to say no).
### XRP: The Regulatory Wildcard
Ripple’s legal battles made it the crypto industry’s problem child—but a spot ETF could legitimize XRP overnight. Cue the hedge funds suddenly ‘rediscovering’ its ‘utility.’
### The Fine Print
Grayscale’s fund bundles Bitcoin, Ethereum, and other top coins. No XRP—yet. But with the SEC’s track record, expect delays, lawsuits, and at least three more congressional hearings before anything happens.
Bottom line:
The SEC blinked. Now the real games begin—and somewhere in Manhattan, a VC just ordered a third yacht ‘for diversification.’
Optimism for Altcoin ETFs
The GDLC fund currently includes a mix of cryptocurrencies, including Bitcoin (BTC), ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). It is modeled on the CoinDesk 5 Index, which measures the performance of the five largest and most liquid digital assets.
Earlier in the week, investment advisor Nate Geraci predicted a “high likelihood” of GDLC getting the regulatory thumbs up following a pro-crypto turnaround at the SEC and U.S. President Donald Trump’s open embrace of the industry.
The green light, confirmed in a Monday filing, has seen Optimism grow among investors who see the move as a positive signal for potential future approval of altcoin-specific ETFs. This is due to the inclusion of these assets in GDLC’s structure.
Geraci noted that the fund could be seen as a low-risk “test run” for the SEC before it gradually starts considering other crypto assets.
“See where this is all heading? Individual spot XRP, SOL, ADA, etc, ETFs up next,” wrote the expert.
His optimism was shared by Bloomberg analysts James Seyffart and Eric Balchunas, who recently released an update to their crypto ETF approval odds. The two said there is now a 95% probability that the SEC will approve spot ETFs for LTC, SOL, and XRP this year.
In May, the financial watchdog extended its review timeline for several crypto ETFs, including those tied to XRP and Dogecoin (DOGE), to obtain public feedback. However, Canadian financial authorities have been quicker off the mark, approving a couple of spot ETFs tracking XRP in June, 3iQ’s XRPQ, and Purpose Investment’s XRPP.
GDLC Trading to Start Soon
GDLC will join Grayscale’s existing lineup of converted products following the approval of the firm’s Bitcoin Trust ETF (GBTC) in January 2025. It introduces one of the first regulated products tracking several digital assets.
Subject to periodic rebalancing, the fund’s structure allows daily share creation and redemption, potentially reducing the premium and discount issues that affected GDLC as a closed-end product.
Grayscale has also said that any asset subject to enforcement action may be removed from the index during rebalancing.
Trading for the converted ETF is expected to begin shortly, pending final operational readiness and exchange coordination with NYSE Arca.
