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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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The SEC may approve multiple Crypto Assets ETFs this week, with single-asset ETFs likely to be approved afterwards.
According to Gate News bot, Nate Geraci, president of The ETF Store, announced on social media that the SEC will face the final approval deadline for the Grayscale Digital Large Cap ETF (GDLC) this week. The fund includes encryption assets such as BTC, ETH, XRP, SOL, and ADA, and the likelihood of approval is high. Geraci stated that once approved, Spot ETFs for single assets like XRP, SOL, and ADA may subsequently receive approval.
He further pointed out that if the SEC approves GDLC, it could serve as a "test run" for incorporating more encryption assets into the ETF framework. Currently, XRP, SOL, and ADA account for less than 10% of the holdings in GDLC, which would provide regulators with a gentle way to gradually engage with other encryption assets.