Grayscale's filing to convert the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF) has been formally acknowledged by the U.S. Securities and Exchange Commission (SEC). The fund provides exposure to cryptocurrencies like XRP, Ethereum, Avalanche, and Solana, with Bitcoin accounting for the majority of its assets. The SEC has released a notice to gather public comments on the filing. Bitwise and Canary Capital have also filed for XRP ETFs, but approval may not happen soon. However, an ETF expert suggests that a crypto ETF containing illiquid assets could be approved. Bitcoin ETFs have been successful, but took a decade for approval. Ripple CEO Brad Garlinghouse believes an XRP ETF is inevitable.



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