🚨 Breaking XRP News – Conversion Approved (With a Twist) $B
Crypto Journey1
Updated at: 8 hours ago
{"content":"🚨 Breaking XRP News – Conversion Approved (With a Twist)
$BTC $ETH $XRP
Yes, the SEC has officially approved the conversion of the Bitwise 10 Crypto Index Fund and Grayscale Digital Large Cap Fund into ETFs that include XRP among their holdings2. But here’s the catch:
🛑 Approval Comes with a “Stay Order”
The SEC paused the launch of both ETFs immediately after approval, citing the need for further review under Rule 431(e).
This means the ETFs can’t go live yet, and XRP’s exposure through these funds is on hold until the SEC finalizes its framework.
📊 What’s Inside the Approved Funds
Bitwise ETF (BITW): Includes BTC (73.2%), ETH (14.2%), and XRP (6.7%).
Grayscale ETF (GDLC): Also includes XRP, along with BTC, ETH, ADA, and SOL.
🔮 What Happens Next
The SEC is expected to vote on July 24 to drop its appeal in the Ripple case, which could unlock spot XRP ETF approvals3.
Analysts estimate an 86–95% chance of full ETF approval by Q4 20254.
XRP is currently trading around $3.55, and a breakout above $3.66 could push it toward $5–$6.20.
So yes, XRP conversion was approved, but it’s not yet active. The next few days—especially the July 24 SEC vote—could be pivotal.","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}