Avalanche

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According to Nate Geraci, co-founder of The ETF Institute, the U.S. Securities and Exchange Commission has "formally acknowledged" Grayscale's <a href="https://x.com/NateGeraci/status/1851703296815198326" rel="noopener noreferrer nofollow">filing</a> to convert the Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund.
The multi-asset fund offers exposure to such cryptocurrencies as XRP, Ethereum (ETH), Avalanche (AVAX), and Solana (SOL).
Bitcoin (BTC) accounts for the vast majority of the fund's assets under management (77%).
The SEC has published a notice in order to solicit public comments from potential investors.
Earlier this month, Bitwise and Canary Capital both <a href="https://u.today/xrp-etf-race-picks-up-steam-up-with-yet-another-filing" rel="noopener noreferrer nofollow">filed</a> their respective XRP ETF applications. Such a product, however, is unlikely to be greenlit anytime soon by the SEC.
That said, leading ETF expert Eric Balchunas <a href="https://u.today/first-etf-with-xrp-exposure-is-possible-top-expert-says" rel="noopener noreferrer nofollow">argued</a> that a combo crypto ETF with some illiquid assets could be potentially approved by the SEC.
Bitcoin ETFs have been a tremendous success with tens of billions of dollars worth of inflows. However, it took roughly a decade for this product to be eventually approved.
As r<a href="https://u.today/xrp-etf-is-just-inevitable-ripple-ceo-says" rel="noopener noreferrer nofollow">eported by U.Today</a>, Ripple CEO Brad Garlinghouse has repeatedly stated that an XRP ETF is "inevitable." <a href="https://u.today/xrp-etf-race-new-filing-acknowledged-by-sec" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

XRP ETF Race: New Filing Acknowledged by SEC

U_Today

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