The U.S. Securities and Change Fee (SEC) is anticipated to rule on the Grayscale Digital Massive Cap Fund (GDLC) this week, and an skilled thinks a inexperienced mild is nearly assured.
Nate Geraci, president of the ETF Retailer, predicted a “excessive chance” of approval, with such a call probably unlocking the trail for the primary U.S. spot ETFs monitoring main altcoins like XRP, Solana (SOL), and Cardano (ADA).
The Stepping Stone for Altcoin ETFs
Grayscale’s GDLC is a diversified belief holding Bitcoin (BTC), Ethereum (ETH), XRP, Solana, and Cardano. Approval to transform it right into a listed ETF would symbolize the SEC’s first go-ahead for a U.S. product holding these particular altcoins inside the ETF wrapper.
Posting on X on June 30, Geraci argued that the regulator’s engagement, evidenced by the submitting of an amended S-3 type simply final Thursday, indicators critical consideration.
He highlighted a regulatory loophole that enables as much as 15% of ETF holdings to be personal property, with some issuers getting “artistic” to exceed the restrict.
With XRP, SOL, and ADA making up lower than 10% of the GDLC portfolio, Geraci defined that excluding them can be inconsistent with the 1933 Securities Act. He additionally believes the GDLC would offer a low-risk “check run” for the SEC earlier than a “sluggish step into different property.”
“Assume *excessive chance* that is permitted,” the analyst wrote. “Would then be adopted later by approval for particular person spot ETFs on xrp, sol, ada, and so on.”
Regulatory Thaw
The anticipated clearance follows a sequence of pro-crypto developments in america. President Donald Trump’s embrace of the trade has emboldened asset managers, resulting in a flurry of altcoin ETF filings since early 2025, together with standalone purposes for XRP, SOL, and ADA from corporations like WisdomTree, 21Shares, and VanEck.
Grayscale itself has filed separate proposals to transform its XRP and SOL trusts into spot ETFs, an motion that, till not too long ago, would have been thought-about useless on arrival. In February, the SEC acknowledged the funding large’s Solana ETF proposal, a transfer Bloomberg analyst Eric Balchunas referred to as “a child step, however a notable growth.”
Moreover, one of many companies related to the president, Trump Media, now has some pores and skin within the recreation after filing for a spot Bitcoin and Ethereum ETF, with Crypto.com as custodian.
In the meantime, institutional demand for such merchandise is surging, with spot BTC ETFs attracting greater than $2.2 billion in inflows final week. This makes it seven straight weeks of web inflows and pushes the cumulative complete to simply beneath $50 billion per knowledge from SoSoValue.
The publish Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit? appeared first on CryptoPotato.