The ETF Store President: SEC Could Approve Grayscale Digital Large Cap ETF This Week, XRP, SOL Spot ETFs Could Be Approved Soon

BlockBeats News, June 30th, according to a post by Nate Geraci, President of The ETF Store, on X: "The U.S. Securities and Exchange Commission (SEC) will see 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 very high. Once approved, there may be subsequent approval for spot ETFs for individual assets such as XRP, SOL, ADA, and others."

If the SEC approves GDLC, there is an additional benefit as a 'trial run' to include more crypto assets in the ETF framework. Currently, XRP, SOL, and ADA together account for less than 10% of GDLC's holdings, which would be a gradual way for regulatory agencies to explore other crypto assets."