On July 1, 2025, the U.S. Securities and Exchange Commission (SEC) gave the green light to Grayscale’s multi-cryptocurrency ETF, which includes Bitcoin 
$91,081, Ethereum 
$3,094, Solana 
$139, Cardano 
$0.385644, and XRP. This decision marks the birth of the largest multi-cryptocurrency ETF globally, opening a new chapter in the regulatory landscape. The approval has bolstered expectations of rapid evaluation and approval of applications for individual spot altcoin ETFs, a sentiment particularly visible among XRP investors.
Details of SEC’s Approval for Grayscale
The approved ETF will hold five leading cryptocurrencies in a single portfolio and trade on traditional exchanges, providing investors with a diversified crypto investment opportunity without the complexities of asset storage. The ETF’s volume is expected to surpass competing multi-products on its first trading day.
Market analysts suggest that the SEC’s approval for such a comprehensive ETF paves the way for individual spot ETF approvals for altcoins like XRP, Solana, and Cardano. This development establishes a structural foundation that eases institutional capital flows into the cryptocurrency market.
Crucial Levels for XRP Amid Anticipated Spot ETF Approval
Following the decision, XRP overcame strong resistance around the $2.19–$2.20 range, gaining quick momentum. Currently, XRP is attempting to maintain this zone as support. If maintained, the first target is set at $2.25, with the potential to advance to $2.32–$2.35.
According to analyst Casi Trades, increased selling pressure at $2.30 pushed the price below $2.25, but XRP continues to hold in the $2.18–$2.16 band. A break below this range could bring $2.05 and $1.90 supports into focus. Conversely, regaining $2.25 could lead to an upward momentum extending to $2.69. Furthermore, an individual spot ETF approval by the SEC for XRP could propel its price to $3 and beyond.
