The United States Securities and Exchange Commission has approved Grayscale Investments' Digital Large Cap Fund to become a spot exchange-traded fund, making it the largest multi-token digital-asset ETF in the U.S.
Market expert Nate Geraci predicts that individual spot XRP, Solana, and Cardano ETFs could be next in line following the recent approval.
The SEC is reportedly working on a plan to allow exchanges to list token-based ETFs without the traditional Rule 19b-4 filing, potentially streamlining the process for new products.
Bloomberg analysts foresee a high probability (95%) for approval of XRP, Solana, and Cardano ETFs, highlighting the growing momentum and interest in single-asset cryptocurrency ETFs.