Nate Geraci predicts SEC approval for XRP Grayscale Fund before Solana ETF, citing its multi-asset approach including XRP and Cardano.
Amid the crypto industry’s excitement regarding the approval of altcoin ETFs, ETF Store President Nate Geraci issued an audacious prediction regarding the XRP Grayscale fund. In a post on X, Geraci recently predicted that a Grayscale fund with XRP exposure could receive SEC approval before Solana ETFs, indicating a potential market shift.
Solana ETF May Delay: Is XRP Fund Approval on the Horizon?
The Grayscale Digital Large Cap Fund (GDLC) ETF is anticipated to be the next to receive approval from the US SEC, as per Nate Geraci. This opens the door to heightened exposure to assets such as Cardano (ADA) and XRP.
Geraci predicts that Grayscale’s XRP fund will be authorized before the Solana ETF, which is an intriguing development. This occurs in the context of the SEC’s recent advancements in approving the SOL ETF. The SEC requested that SOL ETF issuers submit amended S-1 forms, which has fueled expectations of an imminent approval.
Nevertheless, Geraci’s prediction is gaining traction in light of the recent action taken by the US Securities and Exchange Commission. The commission approved a hybrid fund from Franklin Templeton and Hashdex. This fund establishes a precedent for comparable index products by providing exposure to Bitcoin and Ethereum. This development has substantially enhanced Geraci’s projection.
Furthermore, the projection has been further bolstered by the escalating probability of the XRP ETF. According to Polymarket, the probability of the Solana ETF being approved in 2025 is currently 90%, which is consistent with Bloomberg’s forecast.
According to analysts James Seyffart and Eric Balchunas, the likelihood of the XRP ETF being approved is 85%. Nevertheless, the Polymarket odds are marginally higher at 87%. Although both the XRP and Solana ETFs have high approval odds, the momentum is shifting in favor of the XRP Grayscale fund.
What is Grayscale’s GDLC?
The Grayscale ETF GDLC is a multi-asset fund that includes XRP, ADA, and other cryptocurrencies. This is particularly noteworthy. Additionally, this investment vehicle offers access to a diverse selection of high-quality assets, including Solana, Ethereum, and Bitcoin. The fund is currently allocated as follows: BTC (78.77%), ETH (12.40%), XRP (4.86%), SOL (3.04%), and ADA (0.93%). Its market price is $47.44, which accounts for a 14% monthly gain and an 11% year-to-date increase.
Why is the XRP Fund the focal point?
Nate Geraci predicts that the XRP Grayscale fund is gathering momentum as a potential candidate for SEC approval. This is a significant development. Geraci’s prediction is particularly noteworthy in light of the present market expectations regarding the approval of altcoin ETFs.
In April, Grayscale submitted an S-3 filing to the US Securities and Exchange Commission (SEC) intending to convert its $800 million fund into an exchange-traded fund (ETF). Even though the fund’s current allocation is significantly skewed toward Bitcoin and Ethereum, if approved, it will provide investors with more convenient access to various assets. This has the potential to stimulate market growth and institutional investment.
The XRP Grayscale fund’s approval would be a significant milestone for the crypto market, as it would represent an important stride toward the mainstream acceptability and accessibility of digital assets beyond BTC and ETH. The fund may achieve increased investment flows and market stability through a regulated and diversified investment vehicle. This development would emphasize the increasing acceptance of cryptocurrency as a legitimate asset class, facilitating additional innovation and expansion within the industry.
