President of The ETF Store: The US SEC may approve Grayscale Digital Large Cap ETF (GDLC) this week

The ETF Store President Nate Geraci stated on X platform: "The U.S. Securities and Exchange Commission (SEC) will reach 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 high. Once approved, subsequent single-asset spot ETFs for XRP, SOL, ADA, and others may be approved. If the SEC approves GDLC, it will have an additional benefit as a 'trial run' for incorporating more crypto assets into the ETF framework. Currently, XRP, SOL, and ADA collectively account for less than 10% of GDLC's holdings, which would be a moderate way for regulators to gradually engage with other crypto assets."