Grayscale Spot XRP ETF Is Coming. Here’s the Update

JackTheRippler (@RippleXrpie), a well-known crypto commentator on X, has drawn renewed attention to the Grayscale Digital Large Cap Fund, which is approaching a critical regulatory deadline. According to a screenshot he shared, the 240-day SEC review period for the fund ends on July 2.JackTheRippler suggests that a potential decision is imminent on whether it can be converted into an exchange-traded fund (ETF). Notably, this fund includes XRP among its holdings, adding weight to speculation surrounding a possible spot XRP ETF approval.BREAKING: The Grayscale Digital Large Cap Fund Index ETF, including #XRP, is scheduled to launch on July 2nd! SPOT XRP ETF INCOMING! pic.twitter.com/HjwHUItAqM— JackTheRippler (@RippleXrpie) May 10, 2025Overview of the Grayscale FundThe Grayscale Digital Large Cap Fund (GDLC) is a diversified crypto investment vehicle focused on the top digital assets, excluding stablecoins and meme tokens. It is designed to offer institutional and retail investors exposure to leading crypto assets through a regulated product.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023The fund contains Bitcoin, Ethereum, Solana, XRP, and Avalanche, and Grayscale has applied to convert the fund to an ETF. This conversion would make it one of the first diversified crypto ETFs, and its inclusion of XRP is particularly significant as the community has been anticipating a spot XRP ETF for years.SEC Clock Set to Expire on July 2The image shared by JackTheRippler emphasized that the product has been reporting to the SEC since 2021 or 2022, and the transition to a listed ETF is a key part of their long-term strategy. In the excerpt shared by JackTheRippler, the speaker confirms that the 240-day clock expires on July 2.The process follows a formal ETF application, after which the SEC has a statutory period of 240 days to approve or deny the request. Multiple crypto ETF applications are pending with the SEC, and industry observers have speculated that once one product receives the green light, others may follow in rapid succession.What’s Next for XRP?Including XRP in the fund has fueled growing interest due to the token’s complex history with the SEC. XRP was the subject of a lawsuit by the agency, but regulatory clarity has improved as the regulator is in settlement proceedings with Ripple.While no decision has been made public, the July 2 deadline offers a clear timeline for the market to watch. Should the GDLC ETF receive approval, with XRP as part of its underlying assets, it would mark a significant shift in how the asset is viewed from a compliance and investment standpoint, further cementing its regulatory clarity.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post Grayscale Spot XRP ETF Is Coming. Here’s the Update appeared first on Times Tabloid.