Grayscale Wins Major SEC Approval for XRP

A significant development in the digital asset sector emerged this week when the U.S. Securities and Exchange Commission (SEC) approved the Grayscale Digital Large Cap Fund (GDLC) for trading under the new Generic Listing Standards.

In a post on X, Grayscale CEO Peter Mintzberg stated that the fund “was just approved for trading along with the Generic Listing Standards.” The approval allows Grayscale to move forward with what it describes as the first multi-asset exchange-traded product featuring Bitcoin, Ethereum, XRP, Solana, and Cardano.

This marks a departure from the single-asset model that has dominated crypto-linked exchange-traded products in the U.S., making Grayscale’s product the first approved multi-asset spot crypto ETP, including XRP.

Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the *FIRST* multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL…

— Peter Mintzberg (@PeterMintzberg) September 17, 2025

A New Pathway for Institutional Exposure to XRP

The inclusion of XRP alongside top cryptocurrencies such as Bitcoin and Ethereum gives regulated exposure to a digital asset that has until now been absent from U.S.-listed spot exchange-traded products, despite notable progress in other countries.

XRP represents a portion of the fund’s holdings, complementing allocations to other large-cap tokens. This structure could attract institutions seeking diversified portfolios rather than single-asset products, particularly those bound by compliance requirements that restrict direct crypto purchases.

Approval under the Generic Listing Standards could also facilitate faster launches of similar funds, reducing the prolonged delays and extended waiting periods that previously characterized the SEC’s process. By packaging XRP exposure within a diversified and SEC-approved vehicle, GDLC may act as an initial gateway for institutional allocations to this asset.

We are on X, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) June 15, 2025

Pending Spot XRP ETF Applications in Focus

The timing of the SEC’s decision on GDLC coincides with heightened anticipation over pending applications for spot XRP exchange-traded funds. Several filings are approaching key decision deadlines in October, and the Polymarket has set the odds of approval at 94%.

The commission will decide on these products in mid-to-late October. While approval is not guaranteed, the GDLC decision demonstrates that XRP can be included in a regulated, exchange-traded structure under current rules. The market is convinced that the current pro-crypto SEC leadership will approve these products.

A positive ruling would give institutions a direct avenue to invest in XRP, and experts have projected inflows of up to $5 billion in the first month. The next several weeks could clarify whether Grayscale’s milestone represents a single event or the start of a new phase for spot cryptocurrency ETFs and XRP’s growth.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on X, Facebook, Telegram, and  Google News