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SEC to Review Grayscale’s Bold Altcoin ETF Application With XRP, ADA, and SOL

  • The U.S. SEC will make a decision by July 2 on Grayscale's ETF application, which includes Bitcoin, Ethereum, XRP, Cardano, and Solana.
  • The proposed fund, if approved, would hold assets worth over $762 million, predominantly in Bitcoin and Ethereum, providing exposure to these assets through a regulated fund.
  • Approval of Grayscale's ETF could lead to the introduction of more altcoin spot ETFs in the U.S. market, enhancing access for both retail and institutional investors.
  • The potential approval of Grayscale's ETF with altcoins like XRP, Solana, and Cardano would offer diversified exposure in a single regulated asset, with the SEC showing increased interest in expanding crypto products.

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