In a landmark move, the U.S. Securities and Exchange Commission (SEC) on July 1, 2025, approved Grayscale’s pioneering multi-cryptocurrency ETF, which encompasses the leading digital currencies such as Bitcoin, Ethereum, Solana, Cardano, and XRP. This decision marks the creation of the world’s largest multi-cryptocurrency ETF, ushering in a new era in regulation and investor access.
What Does SEC’s Approval Entail?
The ETF, which pools five major cryptocurrencies, will trade on traditional stock exchanges, enabling investors to diversify their holdings without the burden of managing digital assets. Experts anticipate that the ETF’s volume will exceed other similar products as soon as it hits the market.
The approval of this ETF by the SEC is viewed by market observers as a critical step towards the acceptance of individual spot ETFs for altcoins like XRP, Solana, and Cardano. Such a structural shift could simplify institutional investments in the cryptocurrency space.
Will XRP Benefit from the SEC’s Move?
The approval has positively impacted XRP, allowing it to break through a key resistance zone of $2.19–$2.20. Should XRP sustain this support, forecasts suggest it might first attempt to reach $2.25, and potentially aim for $2.32–$2.35 in the near future.
Increased pressure saw XRP briefly dip below $2.25, according to Casi Trades, yet it remains resilient between $2.18 and $2.16. A decline below this could refocus attention on supports at $2.05 and $1.90. Conversely, if XRP rebounds to $2.25, this might trigger a surge up to $2.69. Additionally, gaining individual spot ETF approval from the SEC could see XRP’s price reach $3.
Key insights drawn from the article include:
- Grayscale’s ETF includes leading cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, and XRP.
- The ETF’s approval by the SEC could ease the pathway for institutional cryptocurrency investments.
- XRP shows potential for price increases if specific resistance levels are maintained or exceeded.
The SEC’s approval ignites excitement in the crypto community, potentially setting the stage for more inclusive investment opportunities and a review of regulatory frameworks concerning cryptocurrency investments. This development could serve as a catalyst for broader adoption and legitimacy of digital assets within traditional finance sectors.
