The cryptocurrency market is demonstrating positive changes as interest in ETFs rises and leading assets like Ethereum, Solana, XRP, and Cardano show states of buying.
ETF News: Grayscale Nearing Approval
The SEC recently confirmed Grayscale's application to convert its GDLC fund into a spot ETF. The fund includes a mix of cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano. This signals Grayscale's intent to offer investment products beyond Bitcoin and Ethereum.
Nate Geraci, President of ETF Store, noted that this shows real progress with the SEC and that the chances of approval look promising. If approved, it could also pave the way for separate spot ETFs for XRP, Solana, and Cardano in the near future.
Ethereum: Accumulation and Potential Growth
Currently, Ethereum is trading at $2,459, down 1.6% in the last 24 hours. It recently broke above the 50-day EMA at $2,429. If it holds the support at $2,461, the next target could be $2,724. Analyst Michaël van de Poppe believes that Ethereum is holding strong and could begin to move up in the coming weeks, targeting $3,400. He also predicts that Ethereum utility tokens are set to shine in the upcoming months.
Furthermore, analyst Mikybull highlights that whale buying is at its highest this cycle and is giving off strong 2017 bull run vibes.
Achievements of Solana and Cardano
Solana recently broke its downtrend and is set for a strong week ahead. The ecosystem also shows fresh signs of strength, having been in a steady uptrend for nearly two years and reaching a new all-time high in 2025. Analysts now expect another rally, with a possible 20–25% price increase.
XRP is also approaching a potential breakout. With a 70% chance of a lawsuit settlement by August, regulatory clarity may trigger a wave of institutional investment. Analysts predict that XRP could hit $5.81 in 2025, while Vincent Van Code sees a longer-term target of $30–$50.
Cardano is making headlines with a $100 million ADA treasury conversion into BTC and stablecoins to boost DeFi liquidity. Its stablecoin market cap has grown by 30%, indicating strong activity. ETF approval odds now stand at 55%, adding to investor optimism. ADA could surge between $1.20 and $5.66, driven by DeFi expansion and growing Layer-2 adoption.
Thus, the cryptocurrency market shows positive trends with a growing interest in ETFs and activity on the blockchain. Significant changes are possible for cryptocurrencies like Ethereum, Solana, XRP, and Cardano in the coming months.
