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sECETFA
SEC Breakthrough: Grayscale Digital Large Cap Fund Converts to Spot ETF—XRP Included 🎯
#SECETFApproval
Last week, the U.S. Securities and Exchange Commission (SEC) approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF)—a landmark decision featuring not just Bitcoin and Ether, but also XRP, Solana, and Cardano coindesk.com+14coindesk.com+14marketwatch.com+14. This marks the first time XRP has appeared within a U.S.-regulated crypto ETF, signaling expanded regulatory openness to alternative cryptocurrencies wsj.com+6bravenewcoin.com+6cryptodaily.co.uk+6.
$XRP
🔹 Multi-Asset Milestone
$BTC
GDLC Composition: Roughly 80% Bitcoin, 11% Ethereum, 4.8% XRP, 2.8% Solana, and 0.8% Cardano cryptoslate.com+1bravenewcoin.com+1.
AUM & Performance: Around $755–775 million in assets, generating over 100% returns in the past year and nearly 700% since its 2018 launch cryptoslate.com+2etf.com+2coindesk.com+2.
🔹 Why This Matters for XRP & the Market
Institutional validation: XRP’s inclusion legitimizes its standing among regulated assets—opening the door for institutions to invest without direct token custody bravenewcoin.com+3ainvest.com+3bravenewcoin.com+3.
Regulatory shift: After years of legal uncertainty stemming from Ripple’s SEC lawsuit, this approval suggests a recalibrated regulatory landscape bravenewcoin.com+1ainvest.com+1.
Liquidity boost: Institutional flows into GDLC could ripple into XRP’s market, enhancing liquidity and potentially supporting upward price momentum.
🔹 A Pause, Not a Reversal
Following the SEC’s staff-level approval, the full commission invoked a brief review under Rule 431, temporarily pausing the listing on NYSE Arca bravenewcoin.com+12coindesk.com+12fxempire.com+12. Analysts suggest this is procedural—a move to assess broader “listing standards for crypto ETFs” before letting multi-asset products launch bravenewcoin.com+5coindesk.com+5cryptobriefing.com+5.
🔹 Paving the Path to Standalone Altcoin ETFs
Experts believe GDLC’s success could accelerate standalone ETF approvals for altcoins like XRP, Solana, and Cardano bravenewcoin.com+7ainvest.com+7ainvest.com+7. Grayscale’s conversion could effectively serve as a regulatory “test case,” helping to build confidence and structure for future filings ainvest.com.
🔹 Institutional Participation & Market Outlook
Inflow potential: With ETF structures familiar to institutional investors, XRP’s newfound embedment in GDLC may attract fresh capital.
Price implications: According to CryptoDaily, after XRP’s 5–7% uptick following approval, a move above $2.35–2.40 could set the stage for gains toward $2.60–$3.00 .
Regulation watch: The SEC's recent 12-page guidance on crypto ETF disclosures shows an evolving, more structured regulatory environment reuters.com. With more spot ETF applications in the pipeline (XRP, Solana, meme coins), this trend may accelerate.
✅ Bottom Line
The SEC’s green light for GDLC’s conversion—complete with XRP—marks a watershed moment for crypto ETFs in the U.S. XRP’s inclusion brings renewed legitimacy, paves the way for broader altcoin ETF acceptance, and could unlock substantial institutional capital flow. While the final listing awaits a review, the momentum is undeniable. If GDLC thrives, we may soon see XRP-specific ETFs, along with Solana and Cardano, gaining formal approval.
Relevant news on Crypto ETF evolution


reuters.com
US SEC's guidance is first step toward rules governing crypto ETFs
#SECETFApproval
Last week, the U.S. Securities and Exchange Commission (SEC) approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF)—a landmark decision featuring not just Bitcoin and Ether, but also XRP, Solana, and Cardano coindesk.com+14coindesk.com+14marketwatch.com+14. This marks the first time XRP has appeared within a U.S.-regulated crypto ETF, signaling expanded regulatory openness to alternative cryptocurrencies wsj.com+6bravenewcoin.com+6cryptodaily.co.uk+6.
$XRP
🔹 Multi-Asset Milestone
$BTC
GDLC Composition: Roughly 80% Bitcoin, 11% Ethereum, 4.8% XRP, 2.8% Solana, and 0.8% Cardano cryptoslate.com+1bravenewcoin.com+1.
AUM & Performance: Around $755–775 million in assets, generating over 100% returns in the past year and nearly 700% since its 2018 launch cryptoslate.com+2etf.com+2coindesk.com+2.
🔹 Why This Matters for XRP & the Market
Institutional validation: XRP’s inclusion legitimizes its standing among regulated assets—opening the door for institutions to invest without direct token custody bravenewcoin.com+3ainvest.com+3bravenewcoin.com+3.
Regulatory shift: After years of legal uncertainty stemming from Ripple’s SEC lawsuit, this approval suggests a recalibrated regulatory landscape bravenewcoin.com+1ainvest.com+1.
Liquidity boost: Institutional flows into GDLC could ripple into XRP’s market, enhancing liquidity and potentially supporting upward price momentum.
🔹 A Pause, Not a Reversal
Following the SEC’s staff-level approval, the full commission invoked a brief review under Rule 431, temporarily pausing the listing on NYSE Arca bravenewcoin.com+12coindesk.com+12fxempire.com+12. Analysts suggest this is procedural—a move to assess broader “listing standards for crypto ETFs” before letting multi-asset products launch bravenewcoin.com+5coindesk.com+5cryptobriefing.com+5.
🔹 Paving the Path to Standalone Altcoin ETFs
Experts believe GDLC’s success could accelerate standalone ETF approvals for altcoins like XRP, Solana, and Cardano bravenewcoin.com+7ainvest.com+7ainvest.com+7. Grayscale’s conversion could effectively serve as a regulatory “test case,” helping to build confidence and structure for future filings ainvest.com.
🔹 Institutional Participation & Market Outlook
Inflow potential: With ETF structures familiar to institutional investors, XRP’s newfound embedment in GDLC may attract fresh capital.
Price implications: According to CryptoDaily, after XRP’s 5–7% uptick following approval, a move above $2.35–2.40 could set the stage for gains toward $2.60–$3.00 .
Regulation watch: The SEC's recent 12-page guidance on crypto ETF disclosures shows an evolving, more structured regulatory environment reuters.com. With more spot ETF applications in the pipeline (XRP, Solana, meme coins), this trend may accelerate.
✅ Bottom Line
The SEC’s green light for GDLC’s conversion—complete with XRP—marks a watershed moment for crypto ETFs in the U.S. XRP’s inclusion brings renewed legitimacy, paves the way for broader altcoin ETF acceptance, and could unlock substantial institutional capital flow. While the final listing awaits a review, the momentum is undeniable. If GDLC thrives, we may soon see XRP-specific ETFs, along with Solana and Cardano, gaining formal approval.
Relevant news on Crypto ETF evolution


reuters.com
US SEC's guidance is first step toward rules governing crypto ETFs
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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