XRP News Today: Grayscale Seeks SEC Approval for Spot ETF Including XRP, Bitcoin, Ethereum, Solana, Cardano

Grayscale Investments has submitted an amendment to the SEC to transform its Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), which includes XRP, Bitcoin, Ethereum, Solana, and Cardano. The application, filed on June 26, 2025, aims to have the ETF listed on NYSE Arca, providing regulated exposure to these cryptocurrencies for U.S. investors. The SEC is required to provide a determination no later than July 2, 2025, following Grayscale's successful legal battle with the SEC in 2023, which resulted in the conversion of its Bitcoin Trust to a spot ETF.

GDLC currently holds 80.8 percent in Bitcoin, 11.07 percent in Ethereum, 4.63 percent in XRP, 2.75 percent in Solana, and 0.75 percent in Cardano, with total assets exceeding 760 million dollars. The approval of this ETF would be the first U.S. spot ETF to include altcoins such as XRP, broadening access for institutional and retail investors. This filing comes at a time of improved regulatory clarity, following Ripple's settlement of a nearly year-long case with the SEC for 50 million USD.

XRP experienced significant gains following the ETF application, driven by hopes of SEC approval and the resolution of Ripple's legal issues. The cryptocurrency outperformed the broader market, which saw a 0.88% decline, resulting in a total crypto market cap of 3.27 trillion dollars. XRP's on-chain volume surged by over 637 percent within 24 hours, indicating strong investor interest. The coin stabilized at $2.18, with technical analysis suggesting a potential breakout to $2.92 or even $3.63 if the bull run continues.

Bitcoin, however, experienced a decline, ending a three-day streak of gains at 107729.11. Despite strong demand for Bitcoin spot ETFs, with a net inflow of $501.2 million on June 27, 2025, the reduction was partly due to geopolitical relaxation and anticipated interest rate cuts in Q3 of 2025 by the Federal Reserve. Currently, Bitcoin is trading at 6.31 percent above its price a week ago, with a market capitalization of $2.14 trillion, maintaining its 64.72 percent dominance in the crypto market.

The ETF filing is expected to realign market dynamics by increasing the liquidity and legitimacy of XRP and other altcoins. While single-asset ETFs on XRP, Solana, and Cardano might be approved, a longer timeline is anticipated. The fund's structure, with altcoins representing less than 10 percent of assets, mitigates regulatory concerns about volatility and liquidity, making it a conservative approach to large-scale crypto adoption.

Grayscale's move aligns with the broader trend of increasing institutional demand for cryptocurrencies. In January 2024, the company received initial approval for its Bitcoin ETF, leading to significant inflows. A similar performance in GDLC could propel XRP to its highest price of 2025 at $3.39, supported by Ripple's increased business opportunities post-settlement. However, there are risks, such as potential pushback from the SEC or lack of appeal, which could exert selling pressure on XRP.