Imagine sitting in your pajamas, sipping coffee, and realizing that the crypto world might just be throwing a curveball—because, apparently, Solana isn’t the only one brewing up an ETF storm. Nope, according to Nate Geraci, president of The ETF Store, XRP is quietly plotting its escape from the shadows and might beat Solana to the SEC’s approval—like a caffeinated hamster racing its wheel. 🐹☕
What makes this ETF so intriguing? Well, it’s sort of like discovering your mild-mannered neighbor has a secret tattoo. The nominee here is Grayscale’s Multi-Coin Fund, affectionately known as GDLC, which has been lurking around since 2018. It’s like that guy from high school who didn’t really try but still managed to get into Harvard—exposing you to major cryptos like Bitcoin, Ethereum, XRP, Solana, and Cardano. But wait, there’s more. Grayscale has filed to turn this sleepy fund into a shiny new ETF, and the SEC seems mildly interested—probably because they’re tired and want to go home early. 🎯
Sounds like this may be first in line for approval before spot sol ETFs…
Includes XRP & Cardano.
Pretty clear where this is all heading.
— Nate Geraci (@NateGeraci) June 12, 2025
So, in essence, the powers that be are saying, “Let’s see if this multi-asset smorgasbord can waltz through the regulatory maze before we get all excited about Solana’s dashing proposal.” The winners might not be the expected heroes in this crypto soap opera. Who knew?
The Not-So-Secret Hero: XRP’s Role in the Fund
Peek into the GDLC’s cafeteria tray as of June 11, and here’s what you see:
It’s the kind of balanced diet even your dieter friend would envy—mixing stability and a dash of excitement, all while playing nice with the SEC. This could make it quicker to sail past regulatory hurdles, a feat that seems more miraculous than finding a clean sock in the laundry.
The Odds Are Better Than Your Coffee’s Brew
Recent polls for approval rate these multi-asset ETFs at nearly as high as your morning caffeine intake—85% for XRP, 90% for Solana and Litecoin, and a meek 75% for Cardano and Polkadot. It’s like a popularity contest, but with more money and less teenage drama. 💸
And let’s not forget—big players like BlackRock and Fidelity are still on the sidelines, probably arguing over who gets the biggest snack. But Nate Geraci sensibly predicts it’s only a matter of time before they jump in, eager to join what’s shaping up to be the most exciting crypto ETF conga line since… well, ever.
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2025-06-12 14:42