Crypto ETFs for XRP & SOL Next to Be Approved by SEC?

Following the landmark approvals of spot Bitcoin and Ethereum ETFs, the entire market's attention is now focused on a critical question: which digital asset will be the next to get the 'green light' from the U.S. Securities and Exchange Commission (SEC)? The answer may lie in an understated strategy, with the Grayscale Digital Large-Cap (GDLC) fund, which awaits a final decision this week, at its center.

According to Nate Geraci, President of The ETF Store and a respected industry analyst, the probability of GDLC's approval is very high. This is not just an ordinary fund; it's being viewed as a strategic "stepping stone." The fund holds a diversified basket of assets including the familiar BTC and ETH, but also major altcoins such as XRP, SOL, and ADA.

The crux of Nate Geraci's argument lies in the legal reasoning. Once the SEC accepts a product that contains XRP, SOL, and ADA—even in small proportions—it creates a precedent. It would be very difficult for the agency to then reject a separate spot ETF for those same assets in the future without facing contradictions in its own logic. Geraci believes this is the pathway through which altcoin ETFs will sequentially be approved.

From the regulator's perspective, this approach offers a clear advantage. With altcoins comprising less than 10% of the GDLC portfolio, the SEC can allow these assets to access the public market gradually and in a controlled environment. This is seen as a safe "test run," allowing the SEC to evaluate market factors for these new assets before making larger decisions on 100% spot funds.

Therefore, the decision on GDLC this week carries a significance far beyond a single fund. It is being viewed as a litmus test for the SEC's evolving stance and could be the starting gun for the next phase of digital asset integration into the mainstream U.S. financial system. The entire industry is watching closely.