Recent comments from The ETF Store President Nate Geraci regarding the potential approval of the Grayscale Fund by the SEC reveal significant prospects for the cryptocurrency market.
Nate Geraci's Prediction
Nate Geraci, President of The ETF Store, predicts that the XRP-heavy Grayscale Fund will secure approval from the SEC before a dedicated Solana ETF. His commentary was published on June 12, 2025, after Grayscale's filing with the SEC.
Grayscale Fund and Multi-Asset ETFs
Grayscale, a prominent crypto asset manager, filed an S-3 Form with the SEC to convert the Grayscale Digital Large Cap (GDLC) into an ETF. This fund encompasses assets like Bitcoin, Ethereum, XRP, and Cardano, managing over $796 million. Geraci highlights Grayscale's advantage in gaining supportive factors before Solana ETFs.
Impact on the Cryptocurrency Market
The anticipated approval of the Grayscale Fund by the SEC could significantly enhance the liquidity of cryptocurrencies, impacting the prices of XRP and Solana. Historical data show that the approval of Bitcoin ETFs led to increased institutional investments and price growth. Geraci suggests that as the market expects such changes, investor behavior may shift, creating new financial opportunities.
The potential approval of the Grayscale ETF opens new possibilities for the cryptocurrency market, which may lead to significant changes in investment approaches and capital flows.
