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

Odaily News Nate Geraci, president of The ETF Store, posted on the X platform: “The U.S. Securities and Exchange Commission (SEC) will face the final approval deadline for the Grayscale Digital Large Cap ETF (GDLC) this week. The fund holds BTC, ETH, XRP, SOL and ADA. The possibility of approval is high. Once approved, spot ETFs for single assets such as XRP, SOL, ADA, etc. may be approved in succession.
If the SEC approves GDLC, there is an additional benefit that it can serve as a "trial run" for incorporating more crypto assets into the ETF framework. Currently, XRP, SOL, and ADA together account for less than 10% of GDLC's holdings, which would be a gentle way for regulators to gradually approach other crypto assets. "