The post Grayscale ETF Filing Sparks XRP Buzz as Bitcoin Dips appeared on BitcoinEthereumNews.com.

Grayscale’s ETF filing includes XRP, Bitcoin, Ethereum, Solana, and Cardano.  SEC decision on GDLC conversion due by July 2, 2025.  XRP surges with a 637% on-chain volume increase in 24 hours. Grayscale Investments has submitted an amendment to the SEC to transform its Digital Large Cap Fund (GDLC) to a spot exchange-traded fund (ETF), giving prominence to XRP among other cryptocurrencies. The application, filed on June 26, 2025, aims to have the ETF listed on NYSE Arca and, in the process, provide regulated exposure to XRP, Bitcoin, Ethereum, Solana, and Cardano for U.S. investors. The SEC is required to provide a determination no later than July 2, 2025, in accordance with the statutory timetable. This is after Grayscale had a successful legal battle with the SEC in 2023, which resulted in the purchase of its Bitcoin Trust to a spot ETF. GDLC currently possesses 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, and the total amount of assets is more than 760 million dollars. The approval would become the first U.S. spot ETF to incorporate altcoins such as XRP, which would widen access to institutional and retail investors. The filing takes place alongside better regulatory clarity following Ripple settling an almost-year-old case with the SEC to the tune of 50 million USD. Market Impact and Price Movements XRP registered massive gains following the ETF application due to the hope of the SEC approving the application and the end of the legal issues that Ripple has been facing. The cryptocurrency had a better performance than the rest of the market, which lost 0.88%, resulting in the entire crypto market cap of 3.27 trillion dollars. The activity on the chain of XRP increased by more than 637 percent within…

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Filed under: News - @ July 2, 2025 12:17 am