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XRP, Solana, and Cardano Multi-Asset ETF Approval Highly Likely This Week: Expert
Experts predict a high probability of approval for Grayscale Investments’ Digital Large Cap Fund (GDLC) conversion into an exchange-traded fund (ETF), which will provide investors with regulated exposure to XRP, Solana, and Cardano. The US Securities and Exchange Commission’s deadline for reviewing the application is set at July 2.
The ETF Store president, Nate Geraci, expressed his optimism that the approval process will be positive, stating that it would “be followed later by approval for individual spot ETFs on XRP, SOL and ADA funds later in 2025.” He further emphasized that XRP, Solana, and Cardano’s combined weightage of less than 10% within GDLC makes it easy to slowly step into these assets.
Market participants can expect a decision from the SEC by the end of Wednesday. As of now, Ripple traded at $2.18 on TradingView.com.
Source: bitcoinist.com
