This week, the SEC is expected to make a final decision on the Grayscale Digital Large Cap Fund (GDLC), an ETF comprising top cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano.
ETF analyst Nate Geraci believes the fund has a strong chance of approval, potentially paving the way for individual altcoin ETFs.
Standalone ETFs for assets like XRP, Solana, and Cardano are not anticipated until late 2025, with industry watchers monitoring the SEC's handling of the GDLC as it could indicate a shift in regulatory attitudes.
The decision on GDLC could impact the future of altcoin ETFs in the U.S., with a possible broader shift in regulatory attitudes toward such investment products.