In keeping with Nate Geraci, president of The ETF Retailer, the Grayscale Digital Massive Cap Fund (GDLC) ETF might be subsequent in line to realize approval from the U.S. Securities and Change Fee (SEC).
As reported by U.At this time, the main cryptocurrency-native asset supervisor initially filed to transform the fund into an ETF product final October. The submitting was then acknowledged by the regulator in late 2024.
Early on, ETF analysts had been optimistic about its approval odds because it comprises solely a small portion of altcoins with decrease liquidity.
Bitcoin (BTC) accounts for the overwhelming majority of its holdings (78.77%). Ethereum (ETH) and XRP are available in second and third locations with 12.4% and 4.9% weightings, respectively.
The fund additionally provides some minor publicity to Solana (SOL) and Cardano (ADA).
Geraci believes that Grayscale’s multi-token ETF proposal will have the ability to race forward of Solana ETF proposals.
Bloomberg’s ETF approval odds
Within the meantime, Bloomberg analysts not too long ago up to date their ETF approval odds.
Solana (SOL) and Litecoin (LTC) have the best approval odds of 90% alongside some index ETFs such because the one proposed by Grayscale.
Spot-based XRP ETFs are available in second place by way of approval odds, with 85%.
Cardano (ADA) and Polkadot (DOT) ETF proposals are at 75%.
Regardless of the crypto-friendliness of the brand new administration, the company is in no rush to grant approval for brand spanking new crypto merchandise.
It’s value noting that neither BlackRock nor Constancy has joined the altcoin ETF race, however Geraci beforehand predicted that they might not stay on the sidelines.
