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#Grayscale ETF Approval# This Week All Eyes Are on the SEC! It Will Decide on the Spot ETF Involving Five Cryptocurrencies Including Bitcoin, Ethereum, and XRP!
Nate Geraci stated that the chances of the SEC approving the Grayscale GDLC ETF this week are high.
After the approval of Bitcoin and Ethereum ETFs in the US, applications for ETFs have also been made for many altcoins such as XRP and Solana (SOL).
Currently, it is expected that altcoin ETFs, particularly XRP and Solana ETFs, will be approved by the end of 2025, while the ETF expert stated that the SEC will make a significant decision on an important issue this week.
According to this, Nate Geraci, the president of The ETF Store, stated that the SEC is preparing to make its final decision on the approval of the Grayscale GDLC ETF this week.
According to this, The ETF Store president Nate Geraci said that the SEC is preparing to make a final decision on the approval of the Grayscale GDLC ETF this week.
The GDLC fund includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
Geraci, who shared from account X, stated that he believes the SEC will give the green light to Grayscale's GDLC ETF.
Nate Geraci believes that the Grayscale GDLC ETF has a high chance of approval and that this could pave the way for individual altcoin spot ETFs to gain approval in the future.
"This week, GDLC is bringing together major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) while awaiting the SEC's final approval decision. And it is highly likely to be approved."
Later, individual Spot ETF approvals for XRP, Solana (SOL), and Cardano (ADA) are also expected.
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