The post ETF With XRP, Cardano Exposure To Win SEC Approval Next Before Solana Funds, Expert Points Out ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Nate Geraci, president of The ETF Store, has forecasted the next spot crypto exchange-traded fund (ETF) to secure approval from the US. Securities and Exchange Commission (SEC). In a recent post, Geraci suggested that an ETF directly tracking the price of Solana (SOL) may not be next in line for a green light. In his opinion, America’s top financial cop could approve a Grayscale multi-token fund containing XRP and Cardano before the spot SOL ETFs. Grayscale’s Digital Large Cap ETF To Be Approved Next? Nate Geraci believes the Grayscale Digital Large Cap Fund might be “first in line for approval before spot sol ETFs.” Asset manager Grayscale filed to convert the existing private fund into a publicly available exchange-traded fund last October. The SEC later acknowledged the application in late 2024. The Grayscale Digital Large Cap Fund, which was created in 2018, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), Ripple’s XRP, Cardano (ADA), and Solana (SOL).   Advertisement

&nbsp The fund heavily leans towards BTC with a 78.77% weighting at press time, according to the Grayscale site. The rest includes ETH with 12.40%, while XRP, SOL, and ADA take up 4.86%, 3.04%, and 0.93%, respectively. As of June 12, the fund has roughly $796 million in assets under management (AUM) and is only available to accredited investors. Observers are hopeful about its approval odds because it contains only a tiny portion of altcoins with lower liquidity.  Crypto index ETFs became a focus for issuers after a hybrid Bitcoin-Ethereum fund debuted last year amid a softer stance on digital asset regulation in the US. In December, the SEC greenlighted the first batch of combo crypto ETFs sponsored by Hashdex and Fidelity. It remains to be seen whether the regulator will approve one consisting of…

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Filed under: News - @ June 12, 2025 3:26 pm