{"content":"🚀 XRP, Solana & Cardano ETFs “Up Next” — But When’s the Launch? On July 1, the SEC approved Grayscale Investments' Digital Large Cap Fund for uplisting as a spot exchange-traded fund, allowing the five-asset vehicle—heavy on bitcoin but also holding ether, XRP, Solana, and Cardano—to trade on NYSE Arca under the Investment Company Act of 1933. Grayscale says the conversion changes a six-year-old private trust managing $755 million into the biggest US multi-token digital-asset ETF. ETF Store CEO and ETF Prime podcast co-host Nate Geraci sees the ruling as more than a diverse product launch. “XRP, SOL & ADA will now be available in a ‘33 Act ETF wrapper,” he said on X. The SEC also announced new crypto-ETF disclosure and registration instructions. “See where this is going? ETFs follow XRP, SOL, ADA, etc. Two years ago, the SEC was still in court with Grayscale after rejecting the firm's bid to convert the Grayscale Bitcoin Trust. The District of Columbia Circuit ruled that the SEC's denial was “arbitrary and capricious,” a decision the Commission declined to appeal and which led to January 2024 spot-bitcoin ETP approvals. Single-asset products are gaining steam. When X user asked Geraci whether spot XRP, SOL, and ADA ETFs were “most likely in Q4,” he responded, “I think sooner, but Q4 at latest According to Fox Business correspondent Eleanor Terrett, the SEC is drafting a “generic listing standard” that would allow exchanges to list token-based ETFs without filing Rule 19b-4 if a coin meets market capitalization, trading volume, and liquidity thresholds. The working plan would allow issuers to submit a basic S-1 prospectus and debut 75 days later, reducing new product procedural friction. The first single-asset cryptocurrency ETFs may launch by year-end depending on how quickly exchanges, issuers, and the SEC finalize suggested guidelines and turn around S-1 filings. Bloomberg ETF analysts Blachunas and Seyffart raised their approval probabilities for XRP, Solana, and Cardano to 95%. #xrp #REX-OSPREYSolanaETF $XRP $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/02/698e9d3dd1bd4d18867ba8aa32e3f299.png"],"tags":[],"tradingPairs":["ADA/USDT"],"quotearticleid":0}