After greenlighting spot ETFs for Bitcoin and Ethereum earlier this year, U.S. regulators are now turning their attention to a broader crypto fund that includes several major altcoins.
This week, the Securities and Exchange Commission (SEC) is expected to make a final decision on the Grayscale Digital Large Cap Fund (GDLC) — an ETF that bundles together top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Nate Geraci, president of The ETF Store and a well-known ETF analyst, believes the fund stands a strong chance of being approved. In a post on social media platform X, Geraci said he sees the SEC’s potential approval of GDLC as a key step that could open the door to individual altcoin ETFs down the road.
While standalone ETFs for assets like XRP, Solana, and Cardano are not expected until late 2025, industry watchers are closely monitoring how the SEC handles this multi-asset product. A green light could signal a broader shift in regulatory attitudes toward altcoin-based investment products.
For now, the spotlight is on the GDLC decision — and its outcome may shape the future of altcoin ETFs in the U.S.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/sec-to-rule-on-grayscale-crypto-fund-this-week/