XRP Could Beat Solana to the ETF Finish Line, Analysts Say

Speculation around the next crypto asset to break into the U.S. ETF market is heating up, and XRP may have just taken the lead.

Nate Geraci, president of ETF Store, suggested in a recent post that Grayscale’s multi-asset crypto fund—with XRP among its holdings—could secure regulatory approval ahead of the highly anticipated Solana ETF.

This forecast arrives at a time when the SEC is actively reviewing several altcoin ETF proposals. While Solana has been at the center of attention—especially after the SEC requested updated filings from its ETF issuers—momentum may be shifting. Grayscale’s Digital Large Cap Fund (GDLC), which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, is being eyed as a front-runner due to its diversified structure and existing regulatory filings.

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The GDLC fund, currently valued near $47 with a 14% gain in the past month, is dominated by Bitcoin and Ethereum but also provides modest exposure to XRP and other altcoins. Earlier this year, Grayscale filed to convert GDLC into a fully-fledged ETF, a move that could streamline institutional access to a broader range of crypto assets.

Analysts from Bloomberg and prediction markets like Polymarket see high odds for both Solana and XRP ETF approvals in 2025. But the structure of GDLC—combined with recent SEC approvals of blended crypto funds—could give XRP a tactical edge in the race.

Should Grayscale’s fund be approved, it would signal growing acceptance of crypto investment products that go beyond Bitcoin and Ethereum, potentially opening the floodgates for broader altcoin adoption on Wall Street.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.