XRP ETF on the Horizon as SEC Backs Grayscale

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Grayscale’s GDLC becomes a spot ETF, boosting optimism for future altcoin ETFs like XRP, Solana, and Cardano.

The U.S. Securities and Exchange Commission (SEC) has approved Grayscale Investments’ application to convert its Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF).

The move will see GDLC become a publicly traded ETF offering exposure to several crypto assets within a single structure.

Optimism for Altcoin ETFs
The GDLC fund currently includes a mix of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). 


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