The ETF Store President: The SEC may approve the Grayscale Digital Large Cap ETF (GDLC) this week

Odaily Planet Daily reported that Nate Geraci, president of The ETF Store, stated on platform X: “The U.S. Securities and Exchange Commission (SEC) will face the final approval deadline for the Grayscale Digital Large Cap ETF (GDLC) this week, which holds BTC, ETH, XRP, SOL, and ADA. The likelihood of approval is quite high. Once approved, spot ETFs for single assets like XRP, SOL, and ADA may follow. If the SEC approves GDLC, there will be an additional benefit as a 'trial run' to incorporate more crypto assets into the ETF framework. Currently, XRP, SOL, and ADA together account for less than 10% of GDLC's holdings, which will be a gentle way for regulators to gradually engage with other crypto assets.”