Decisions will be made regarding spot ETFs covering five cryptocurrencies, including #بيتكوين and #إيثريوم and #ريبل !
After the approval of exchange-traded funds (#ETFs ) for Bitcoin and Ethereum in the United States, applications were submitted for exchange-traded funds for many alternative cryptocurrencies, such as $XRP
and Solana ($SOL ).
While it is currently expected that exchange-traded funds for alternative cryptocurrencies, especially XRP and Solana, will receive approval by the end of 2025, an ETF expert stated that the U.S. Securities and Exchange Commission will make a decision on an important matter this week.
Accordingly, Neat Gyrasi, head of the ETF Store platform, stated that the U.S. Securities and Exchange Commission will make a final decision on the approval of the Grayscale GDLC ETF this week.
The GDLC fund includes Bitcoin (#BTC ), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano ($ADA ).
Gyrasi stated, who participated via his account on X, that he believes the U.S. Securities and Exchange Commission (SEC) will approve the Grayscale GDLC ETF.
Neat Gyrasi believes that the Grayscale GDLC ETF has a good chance of approval, which could pave the way for future spot ETFs for individual alternative cryptocurrencies.
"GDLC, which is awaiting final approval from the U.S. Securities and Exchange Commission this week, aggregates major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). It is very likely to be approved.
Approvals for individual spot ETFs for both XRP, Solana (SOL), and Cardano (ADA) are also expected later."
The deadline for the U.S. Securities and Exchange Commission this week for the Grayscale Digital Large Cap ETF (GDLC)...
It holds Bitcoin, Ethereum, XRP, SOL, and ADA.
I believe the likelihood of approval is high.
Subsequent approvals for individual spot ETFs for XRP, SOL, ADA, etc. will follow.