XRP News Today: XRP Included in Grayscale Spot ETF Approved by SEC

The journey of XRP towards a fully regulated spot ETF in the United States has taken a significant step forward with a notable move by the Securities and Exchange Commission. The SEC has approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETF, which includes XRP among its five digital assets. This approval marks XRP's first inclusion in a U.S.-regulated spot ETF that directly holds the token, unlike previous futures-based ETFs that did not provide direct exposure.

With the launch of GDLC on NYSE Arca, investors now have the opportunity to gain secondary exposure to XRP through a fully regulated investment product. GDLC currently manages over 750 million dollars in assets, with XRP occupying 4.8 percent of the portfolio. Bitcoin and Ethereum hold the top two positions with 80.4% and 11.15% respectively, followed by Solana and Cardano.

This development comes after XRP's regulatory clarity improved following the resolution of Ripple’s long-standing legal dispute with the SEC. As XRP becomes part of a fund already approved by the commission, the argument for dedicated XRP spot ETFs becomes harder to dismiss. Asset management providers such as Grayscale, Bitwise, and Franklin Templeton, among others, have filed applications to offer an XRP-related spot ETF. At least ten active filings are pending with the SEC on a case-by-case basis. Since the commission has already approved a product that incorporates XRP, observers are now of the view that the approval of a standalone XRP ETF is a possibility going forward.

Bitwise has also filed an application to transform its Crypto Index Fund, which contains XRP, into a spot ETF. If this is approved, it would increase XRP’s presence in the regulated market and make it available to more institutions. Set against an October 2025 deadline, the SEC’s decision on XRP ETF applications could be influenced by Grayscale’s achievement in adding XRP to GDLC, which has now set a significant regulatory precedent.

The green light has further fueled a market drive to bring XRP ETFs a step closer to reality. With XRP already part of an approved spot ETF, market pressure is growing for the SEC to extend similar treatment to standalone XRP funds. The latest development has brought XRP spot ETFs one step closer to approval.

The approval of Grayscale's ETF has raised hopes for the approval of standalone XRP spot ETFs. With XRP already present in a spot ETF approved by the SEC, rejecting these standalone proposals could become legally and politically challenging. This development has led analysts to raise the odds of approval for XRP spot ETFs to 95%. The approval of spot ETFs is considered a huge deal for any cryptocurrency, as these ETFs directly track the real-time price of the underlying asset, providing investors with a more straightforward way to gain exposure to the cryptocurrency market.

According to the analyst's forecast, the approval of a spot XRP ETF could further enhance demand and lead to substantial price increases, with targets ranging from $5 to $10. However, it is important to note that these predictions are based on analysts' forecasts and should not be taken as actual market movements.

The approval of Grayscale's ETF has also cleared the way for other altcoins, including Solana and Cardano, to be included in spot trading. This development is expected to reshape the landscape for top-tier tokens, with institutional demand poised to drive growth in the altcoin market. The approval of Grayscale's ETF has also set a precedent for other ETF proposals, with around 17 more XRP ETFs reportedly waiting for SEC approval.