Coinspeaker
US SEC Acknowledged Grayscale’s XRP ETF Filing
The United States Securities and Exchange Commission (SEC) has finally acknowledged an XRP-linked ETF filing. According to Nate Geraci, the President of the ETF Store, this is the application submitted by the popular asset management firm Grayscale Investments. The asset manager filed to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF.
Will the SEC Approve XRP ETF Products?
The GDLC is a multi-asset fund that provides investors with exposure to various cryptocurrencies, including Ripple-associated XRP, Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Solana (SOL). BTC has the most significant percentage (77%) of the fund’s Assets Under Management (AUM).
Following the SEC’s formal acknowledgment of this XRP ETF filing, the Commission requests the public’s comment. The latest development does not mean that the SEC will share its decision on the offering very soon. Crypto and ETF experts
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