XRP Fund Launch May Precede Solana ETF, Nate Geraci Tips
The post XRP Fund Launch May Precede Solana ETF, Nate Geraci Tips appeared on BitcoinEthereumNews.com. Nate Geraci suggests the XRP fund could receive SEC approval before the Solana ETF. Grayscale’s GDLC fund is up for consideration, with XRP making up a considerably high component. ETF Store President Nate Geraci recently announced that XRP fund approval could arrive sooner than Solana’s. This has stirred conversations about which altcoin will lead the ETF race. Notably, with growing interest in regulated crypto products, the market is watching closely as odds shift in favor of XRP. XRP Fund Approval Seen as Likely Ahead of Solana’s ETF XRP fund prospect is dominating headlines after ETF Store President Nate Geraci stated it may secure approval before the much-anticipated Solana ETF. His comment, made via a recent post on social platform X, drew attention to the changing dynamics in the digital asset ETF space. As highlighted in our previous news article, the United States Securities and Exchange Commission (SEC) started the filing process to review the Grayscale XRP exchange-traded fund (ETF) in February. Now, the community feels that the approval for this filing is closer than other applications for the XRP ETF. Geraci believes that the Grayscale Digital Large Cap (GDLC) Fund, which contains Ripple-backed coin XRP, among other assets, is next in line for approval by the SEC. This view gains strength in light of recent SEC moves. The commission recently approved a hybrid product from Hashdex and Franklin Templeton, including Bitcoin and Ethereum. This decision is now set to get a possible green light for diversified funds like GDLC, which features smaller allocations of altcoins such as XRP, Solana (SOL), and Cardano (ADA). Currently, GDLC allocates about 4.86% of its funds to XRP, while most remain in Bitcoin and Ethereum. Still, any ETF approval would increase exposure to XRP without requiring a single-asset fund. Geraci noted that this strategy could…
The post XRP Fund Launch May Precede Solana ETF, Nate Geraci Tips appeared on BitcoinEthereumNews.com.
Nate Geraci suggests the XRP fund could receive SEC approval before the Solana ETF. Grayscale’s GDLC fund is up for consideration, with XRP making up a considerably high component. ETF Store President Nate Geraci recently announced that XRP fund approval could arrive sooner than Solana’s. This has stirred conversations about which altcoin will lead the ETF race. Notably, with growing interest in regulated crypto products, the market is watching closely as odds shift in favor of XRP. XRP Fund Approval Seen as Likely Ahead of Solana’s ETF XRP fund prospect is dominating headlines after ETF Store President Nate Geraci stated it may secure approval before the much-anticipated Solana ETF. His comment, made via a recent post on social platform X, drew attention to the changing dynamics in the digital asset ETF space. As highlighted in our previous news article, the United States Securities and Exchange Commission (SEC) started the filing process to review the Grayscale XRP exchange-traded fund (ETF) in February. Now, the community feels that the approval for this filing is closer than other applications for the XRP ETF. Geraci believes that the Grayscale Digital Large Cap (GDLC) Fund, which contains Ripple-backed coin XRP, among other assets, is next in line for approval by the SEC. This view gains strength in light of recent SEC moves. The commission recently approved a hybrid product from Hashdex and Franklin Templeton, including Bitcoin and Ethereum. This decision is now set to get a possible green light for diversified funds like GDLC, which features smaller allocations of altcoins such as XRP, Solana (SOL), and Cardano (ADA). Currently, GDLC allocates about 4.86% of its funds to XRP, while most remain in Bitcoin and Ethereum. Still, any ETF approval would increase exposure to XRP without requiring a single-asset fund. Geraci noted that this strategy could…
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