$XRP
Breaking: SEC Approves ETF Offering XRP Exposure — A Crypto Milestone
The U.S. SEC has officially greenlit Grayscale’s Digital Large Cap Fund (GDLC) to convert into an ETF — marking a historic step for the crypto industry.
This ETF, the first of its kind, offers diversified exposure to major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, and other altcoins. Grayscale’s amended S-3 filing was acknowledged just ahead of the July 2 decision deadline.
With this approval, "crypto ETF summer" has officially begun.
Meanwhile, several single-token ETFs — including proposals for XRP and Solana (SOL) — are widely expected to gain approval later this year, according to Bloomberg analysts.
Globally, momentum is growing. Brazil led the way by approving the first spot XRP ETF in February, listed on B3 by Hashdex. In June, Purpose Investments launched North America’s first spot XRP ETF on Canada’s TSX.
For now, U.S. spot ETFs are limited to Bitcoin and Ethereum, with Bitwise’s dual-product approved earlier this year. But today’s move signals a broader wave of multi-asset crypto ETFs on the horizon.
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