XRP Included in Grayscale’s New ETF Filing – Billions of Dollars Incoming?

On Tuesday, Grayscale filed an application with the SEC to transform its Digital Large Cap Fund, which has been investing in tokens like XRP, Bitcoin (BTC), and Ethereum (ETH), into a publicly accessible investment vehicle for all retail investors.

This fund was launched 7 years ago but only accredited investors – e.g. wealthy individuals and institutions – were able to access it.

Today we filed a registration statement on Form S-3 to register shares of Grayscale Digital Large Cap Fund (ticker: $GDLC) under the Securities Act of 1933. This is another important step toward uplisting GDLC as an ETP. GDLC holds the top 5 crypto assets by market cap, #bitcoin… pic.twitter.com/55Zj9moRb6

As of April 2, 2025, the fund held $600 million in assets while charging a 2.5% management fee.

XRP currently represents 5.8% of the fund’s portfolio, alongside other altcoins such as Solana (SOL) and Cardano (ADA).

Should the SEC approve the S-3 filing, this vehicle would transform into an exchange-traded fund (ETF), meaning that its shares will be listed in a public exchange so anyone can buy them.

The launch of an ETF like this would generate additional demand for XRP. Although, in this case, it would be less than a pure XRP vehicle, it will still contribute to increasing institutional and retail buying for the token in the near term.

While this potential ETF development could benefit XRP long-term, the token has faced recent market challenges.

XRP has gone down by 0.9% in the past 24 hours as the market has taken a breather and has been consolidating after the selling spree that took place last week.

In the past 7 days, the token has shed 13.6% of its value as market sentiment soured after President Donald Trump continued to push forward its trade agenda, which includes significant tariff increases that could result in higher inflation in the United States.

If prices in the U.S. economy start to increase, the Federal Reserve could opt not to cut interest rates this year, which would have a dramatic impact on the valuation of financial assets, including cryptocurrencies.

XRP’s daily chart has indicated consolidation in the past few days as it nears a key area of support ranging between $1.8 and $2.

Momentum indicators have pointed toward a bearish outlook with the Relative Strength Index (RSI) falling below the signal line while the MACD’s histogram has remained in negative territory.

XRP currently faces a potential downside risk of nearly 15% unless the token can reverse its downtrend and break above the $2.60 level.

Although today’s news is encouraging as it could result in millions of dollars in extra demand flowing to XRP, it is still too early to tell if it can turn things around as the dominant trend is bearish.

In the meantime, the most promising crypto presales like Solaxy (SOLX) offer major upside potential to early buyers as they are still flying below most investors’ radars.

Solaxy (SOLX) is a layer-two scaling solution that alleviates the congestion that the Solana mainnet has experienced during peak usage times.

Back in January when TRUMP and MELANIA were launched, users and exchanges experienced transaction errors and delays as the network struggled to keep up with rising volumes.

Solaxy solves this by bundling transactions offline in a side-chain without increasing transaction fees.

SOLX is the utility token of this L2. Once the solution starts to be adopted by top wallets and exchanges, its demand will likely explode.

Hence, at its discounted presale price of $0.001682, SOLX offers significant upside potential to early buyers and attractive staking rewards of 141% at the time of writing.

To buy $SOLX, simply head to the Solaxy website and connect your wallet (e.g. Best Wallet). Either swap SOL or USDT for this token or use a bank card to make your investment.

The post XRP Included in Grayscale’s New ETF Filing – Billions of Dollars Incoming? appeared first on Cryptonews.