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06/13 16:38

XRP could overtake Solana in the ETF race, analyst

XRP could overtake Solana in the ETF race, analysts say

Speculation about the next crypto asset to break into the US ETF market is intensifying, and XRP may be leading the race.

Nate Gerasi, president of ETF Store, suggested in a recent post that Grayscale’s multi-asset crypto fund, which includes XRP among its holdings, could receive regulatory approval before the long-awaited Solana ETF.

This prediction comes as the SEC is actively reviewing several proposals for spot altcoin exchange-traded funds. While SOL has been in the spotlight — especially after the commission requested updated documents from ETF issuers — the current development could change. Grayscale’s Digital Large Cap Fund (GDLC), which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, is considered a frontrunner thanks to its diversified structure and existing regulatory filings.

The GDLC fund, currently valued at nearly $47 with a 14% gain over the past month, is dominated by BTC and ETN, but also provides modest exposure to XRP and other altcoins. Earlier this year, Grayscale filed to turn GDLC into a full-fledged ETF, which could facilitate institutional access to a wider range of crypto assets.

Analysts at Bloomberg and prediction markets like Polymarket predict high odds of ETF approval for Solana and XRP in 2025. But the GDLC structure, combined with recent SEC approvals for mixed crypto funds, could give XRP a tactical advantage in the race.

If Grayscale's fund is approved, it would signal the growing acceptance of crypto investment products that go beyond Bitcoin and Ethereum, potentially opening the door to broader adoption of altcoins on Wall Street.

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