- 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 push XRP ahead of Solana in the ETF approval race.
SEC Filings Boost Confidence in XRP Fund Path
It is worth noting that market prediction platforms also support this outlook. Polymarket, a popular forecasting platform, places the likelihood of XRP ETF being approved in 2025 at 87%. CNF also mentioned that Polymarket estimated it to be 83% earlier this year.
Grayscale’s April filing to convert its $800 million GDLC fund into a full-fledged ETF would add to this positive optimism. This would allow institutional investors simpler access to a mix of crypto assets, including XRP.
According to reports, the fund’s market value has gained 14% in the past month and 11% since the start of the year. This strongly reflects positive investor sentiment.
Geraci’s forecast, regulatory movement, and growing investor appetite show that momentum might shift. XRP fund approval, once considered distant, now seems within reach.
Additionally, as featured in our recent coverage, ProShares has updated its XRP ETF filing to a new effective date of June 25, showing continued efforts to gain SEC approval. Teucrium launched the first U.S. ETF offering 2x daily leveraged exposure to XRP, a sign of a growing push for offerings tied to the altcoin.
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