XRP ETF Decision Inches Closer SEC Now Reviewing Grayscale & Bitwise Products!

A major move might be on the horizon for XRP as the SEC officially reopens discussions around two pivotal crypto funds: Grayscale’s GDLC Fund and Bitwise’s 10 Crypto Index Fund both holding XRP in their portfolios.

Why it matters: These reviews could clear the path for the first-ever U.S. spot XRP ETF, a milestone that could bring massive institutional exposure and legitimacy to XRP.

Here’s what’s happening:

The Grayscale GDLC Fund, which allocates nearly 6% to XRP, received initial approval from the SEC’s Trading Division, but was later paused by the full Commission.

Bitwise’s BITW Fund also holding 5.9% XRP faced the same delay initial nod, then freeze.

The SEC has now called for public feedback by August 22, before making a final ruling.

Market experts like James Seyffart predict clarity by end of August, while Eric Balchunas believes an XRP spot ETF could be approved as early as September or October.

This could be the spark XRP holders have been waiting for and it might just reshape the altcoin ETF landscape in the U.S.!

Could this finally launch XRP into the ETF era? Stay tuned and always DYOR

#XRP #XRPETF #CryptoNews #Grayscale #Bitwise #SEC