XRP News Today: SEC Appeal or ETF Launch? Market Eyes Crucial XRP Catalyst

The SEC approved a rule change allowing the Grayscale Digital Large Cap Fund to convert into the Grayscale Digital Large Cap ETF (GDLC), which holds BTC, ETH, ADA, SOL and XRP, but imposed a stay on its launch, leaving the timing to the agency. Investors are awaiting an SEC vote on withdrawing its appeal in the Ripple case, and the article suggests that BlackRock may file for an XRP-spot ETF once the case and an ETF framework are resolved. Eric Balchunas of Bloomberg Intelligence said he expects approval for most coins under loose enough standards. XRP closed at $2.2195 on July 5 after a 0.11% slip that day.