On June 30th, according to a post by The ETF Store President Nate Geraci on X, "The U.S. Securities and Exchange Commission (SEC) will have a final approval deadline this week for the Grayscale Digital Large Cap ETF (GDLC), which holds BTC, ETH, XRP, SOL, and ADA. The probability of approval is very high. Once approved, spot ETFs for single assets such as XRP, SOL, and ADA may be approved one after another."

If the SEC approves GDLC, there is an additional benefit that can serve as a "trial run" for including more crypto assets in the ETF framework. Currently, XRP, SOL, and ADA together account for less than 10% of GDLC's holdings, which would be a moderate way for regulators to gradually gain exposure to other crypto assets."