Key Point
- A major ETF proposal featuring XRP and Cardano is gaining unexpected traction—will it change crypto investing forever?
- Insider reveals which crypto ETF may get SEC approval next and it includes more than just Bitcoin and Ethereum.
- XRP, Solana, and ADA could soon land in your investment portfolio through a single ETF—here’s what’s unfolding.
Grayscale’s attempt to convert its Digital Large Cap Fund (GDLC) into a U.S.-listed ETF could soon open the door for widespread exposure to XRP and other altcoins through regulated investment channels. If approved, the fund would become the first multi-token crypto ETF to include XRP, Ethereum, Cardano, and Solana, signalling a significant shift in how institutional investors can access the broader digital asset market.
According to Nate Geraci, president of The ETF Store, the GDLC ETF is the next one that the U.S. Securities and Exchange Commission will approve. His remarks indicate a regulatory advantage to the multi-asset strategy of Grayscale, and it may give it an advantage over proposed single-asset products yet to be listed, such as Solana ETFs.
In October of 2024, the ETF proposal was filed, and the SEC submitted an acknowledgment of the filing later that year. The structure of the fund, which is strongly biased towards assets of high liquidity, has since been seen by market analysts as one of the reasons why the fund is most likely to be accepted.
Balanced Exposure with Institutional Appeal
The existing GDLC composition is bitcoin-heavy, with the most prominent cryptocurrency composing 78.77 percent of its holdings, followed by Ethereum at 12.4 percent. XRP occupies the third position with a 4.9 percent share, whereas smaller portions are dedicated to Cardano and Solana.
Such allocation seems to be aimed at fulfilling regulatory requirements since it focuses on liquidity and risk management. In the new ETF outlook by Bloomberg, index products such as GDLC are ranked first on the approval probability list at 90 percent. In the meantime, proposals on standalone XRP ETF have a probability of approximately 85%, slightly above Cardano and Polkadot, with 75% each.
The prospective approval of the fund would become the first-regulated XRP exposure in an ETF framework, and such a step would draw significant attention in the crypto and financial industry.
Industry Giants May Follow Grayscale’s Lead
Big companies such as BlackRock and Fidelity are still yet to join the altcoin ETF race despite the gathering pace. But Geraci thinks they will follow suit should the GDLC ETF pass regulatory muster.
The present administration in the United States has indicated a more positive attitude to products associated with crypto, yet the SEC is more reserved. Should the application be accepted, it would set a precedent for the altcoin ETFs to come, in addition to introducing a new degree of legitimacy to assets such as XRP and Cardano.
Conclusion
The GDLC ETF offered by Grayscale may be a game-changer in terms of altcoin access within the regulated investments sector. As the fund creeps closer to being approved, institutions may use XRP and other digital assets more widely. This may be a breaking point in the history of ETFs as far as crypto investors are concerned.
