The crypto world woke up to big news today as XRP officially became part of the SEC-approved Grayscale Digital Large Cap ETF. This move means, for the first time in nearly five years of legal battles between the SEC and Ripple, everyday investors in the U.S. can now gain exposure to XRP through a regulated investment product on the New York Stock Exchange.
The Grayscale ETF includes multiple major cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, and XRP, making it the biggest multi-token crypto ETF in the market. Many in the crypto space are calling this a massive moment for XRP, hinting it could soon clear the path for individual spot XRP ETFs to be approved next.
Crypto analysts and XRP supporters are celebrating as this approval signals a shift in the SEC’s stance toward XRP. Around 17 more XRP ETFs are reportedly waiting for SEC approval. While the exact number isn’t officially confirmed, multiple applications are in line, and today’s development has significantly increased the hope that more approvals could start rolling in over the coming months.
- Also Read :
- Ripple Price Prediction As SEC Approves First XRP ETF
- ,
Why does this matter?
Until now, U.S. investors faced hurdles buying XRP through exchanges due to regulatory uncertainty and the ongoing Ripple-SEC lawsuit. With this new ETF, investors can simply buy shares backed by XRP, just like any traditional stock, without dealing with crypto exchanges or wallets.
This move could bring massive inflows of capital into XRP, as institutional investors and traditional traders who previously avoided direct crypto exposure can now safely invest in it.
At the same time, XRP’s price chart is tightening, showing signs of a breakout setup. If Bitcoin rallies and market conditions remain strong, XRP could soon make a major move upward.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed