Here’s Why XRP Spot ETFs May Be Closer Than Ever to U.S. Approval
- The SEC’s recent approval of Grayscale’s multi-token crypto ETF, which includes XRP, sets a strong precedent for standalone XRP spot ETFs.
- At least ten XRP spot ETF applications are currently under SEC review.
- Ripple-SEC lawsuit resolution and regulatory easing increase the likelihood of XRP spot ETFs.
A recent breakthrough by Grayscale has significantly boosted expectations that XRP spot ETFs will soon receive the green light in the United States.
With the SEC now approving a product that includes direct XRP exposure, the case for standalone XRP ETFs just got stronger.
Grayscale’s Multi-Asset Spot ETF Ushers in a New Era
On July 1, the U.S. SEC officially approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETF. This fund includes five major digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
This marks a pivotal moment for XRP and other altcoins. Unlike prior ETF approvals focused on derivatives or leveraged products, GDLC represents a direct investment vehicle, giving XRP formal entry into the regulated spot ETF ecosystem.
While the SEC has previously allowed XRP-linked …
The post Here’s Why XRP Spot ETFs May Be Closer Than Ever to U.S. Approval appeared first on Coin Edition.
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Here’s Why XRP Spot ETFs May Be Closer Than Ever to U.S. Approval
- The SEC’s recent approval of Grayscale’s multi-token crypto ETF, which includes XRP, sets a strong precedent for standalone XRP spot ETFs.
- At least ten XRP spot ETF applications are currently under SEC review.
- Ripple-SEC lawsuit resolution and regulatory easing increase the likelihood of XRP spot ETFs.
A recent breakthrough by Grayscale has significantly boosted expectations that XRP spot ETFs will soon receive the green light in the United States.
With the SEC now approving a product that includes direct XRP exposure, the case for standalone XRP ETFs just got stronger.
Grayscale’s Multi-Asset Spot ETF Ushers in a New Era
On July 1, the U.S. SEC officially approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETF. This fund includes five major digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
This marks a pivotal moment for XRP and other altcoins. Unlike prior ETF approvals focused on derivatives or leveraged products, GDLC represents a direct investment vehicle, giving XRP formal entry into the regulated spot ETF ecosystem.
While the SEC has previously allowed XRP-linked …
The post Here’s Why XRP Spot ETFs May Be Closer Than Ever to U.S. Approval appeared first on Coin Edition.
Read More
Mercado Bitcoin to Bring $200M in Tokenized Assets to the XRP Ledger