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.