Ripple’s Positive Outlook on Cryptocurrency ETFs
Ripple’s Chief Legal Officer, Stuart Alderoty, has praised a significant development for cryptocurrency ETFs. Alderoty responded to a tweet from the National Cryptocurrency Association, announcing that the Securities and Exchange Commission (SEC) has approved new rules that simplify the process for exchanges to list cryptocurrency ETFs.
New Listing Standards
Exchanges such as Nasdaq and NYSE can now follow a single set of standards instead of submitting each ETF separately. This means that cryptocurrency can now be accessed through familiar investment tools. Alderoty highlighted this as a significant development.
According to Ripple’s CLO, the new listing standards bring cryptocurrency ETFs closer to mainstream markets, adding that regulatory clarity is not only good policy but also builds trust among Americans.
Recent Launches and Market Response
This comes on the heels of the launch of the first XRP spot ETF in the USA, where the Grayscale Digital Large Cap Fund (GDLC) has also received SEC approval. Recently, digital asset manager Rex Osprey announced the launch of XRPR and DOJE, the first ETF offering exposure to spot XRP and Dogecoin in the USA.
XRPR had an impressive start with a trading volume of $37.7 million on its first day, surpassing IVES for the largest day-1 volume of any 2025 launch, according to Bloomberg analyst Eric Balchunas.
The Rex XRP ETF reported $24 million in volume within 90 minutes, which is five times more than any of the XRP futures ETFs saw on day 1. Balchunas noted that this increased demand could be a positive sign for the upcoming wave of 33 Act ETFs.
Future Prospects
In positive news, the SEC has approved generic listing standards that will pave the way for spot cryptocurrency ETFs to be launched under the ’33 Act’, as long as they have futures on Coinbase, which currently includes around 12-15 coins. The Grayscale Digital Large Cap Fund (GDLC), a spot cryptocurrency basket that includes XRP, is set to begin trading under the new ticker, Grayscale CoinDesk Crypto 5 ETF, with Balchunas adding that things are moving quickly.
