XRP News Today: Grayscale ETF Filing Puts XRP in Spotlight; BTC Dips to $107k

XRP-Spot ETF Hype Fuels Breakout Session

On Monday, June 30, news broke of the SEC acknowledging Grayscale’s amendment filing for a rule change to convert its Digital Large Cap Fund (GDLC) into the Grayscale Digital Large Cap ETF (GDLC). In addition to holding BTC, the ETF will hold XRP, SOL, ETH, and ADA.

As of June 30, the Fund’s crypto allocation stood at 79.9% BTC, 11.32% ETH, 4.99% XRP, 3.01% SOL, and 0.78% ADA.

Approval of GDLC could expedite the launch of a US XRP-spot ETF market, potentially the next price catalyst for the token. ETF Store President Nate Geraci remarked on the looming SEC decision on the ETF, stating,

“Side benefit for SEC in approving GDLC is that it would provide nice ‘test run’ for addn’l crypto assets in ETF wrapper… XRP, SOL, & ADA represent< 10% combined of GDLC’s holdings. Easy way to slowly step into other assets.”

The final deadline is this week and could potentially position Grayscale as the trailblazer in the altcoin-spot ETF market. In 2023, Grayscale won its case against the SEC on appeal, compelling the SEC to reconsider its decision to decline the request to convert the Grayscale Bitcoin Trust into a BTC-spot ETF. The court victory paved the way for a US BTC-spot ETF market, which has seen total net inflows of $48.852 billion since launch, sending BTC to a May 2025 record high of $111,917.

Similar demand for XRP-spot ETFs could send XRP to unprecedented highs. On the potential success of an XRP-spot ETF market, Nate Geraci remarked:

“We’ll see what happens when the spot ETFs are approved. But XRP Army ‘way’ more passionate than I think people realize. If I had to rank passion based on my experience on this platform: 1) BTC, 2) XRP, 3) HBAR, 4) ETH, 5) SOL.”

Odds of XRP-Spot ETF Approval Climbs Ahead of SEC Appeal Withdrawal

Bloomberg Intelligence ETF Analysts James Seyffart and Eric Balchunas placed the odds on the approval of XRP-spot ETFs by the end of 2025 at 95%. The final deadline for the token’s spot ETF applications is October 17.

While the Bloomberg Analysts are optimistic, Polymarket gives a 60.2% chance of an XRP-spot ETF approval by December 2025, down from a June 3 high of 98.2%.

Significantly, a resolution of the SEC vs. Ripple case could be a crucial stepping stone toward an XRP-spot ETF market. Last week, Ripple declared plans to drop its cross-appeal, with investors awaiting the SEC to announce plans to drop the appeal against the Programmatic Sale of XRP ruling. Filings with the US Court of Appeals to dismiss the appeals could green-light an XRP-spot ETF market.

XRP Price Outlook: SEC Appeal Speculation and ETF Developments

XRP climbed 1.42% on Monday, June 30, following Sunday’s 0.93% gain, closing at $2.2382. The token outperformed the broader market, which dropped 0.88% to a total crypto market cap of $3.27 trillion. Hopes of the SEC dropping its appeal and speculation about an XRP-spot ETF market triggered the session breakout.

The near-term XRP price outlook hinges on the SEC’s appeal moves and the agency’s decision on the Grayscale Digital Large Cap ETF.

A breakout above the June 16 high of $2.3389 could signal a move toward the May high of $2.6553. A sustained move through $2.6553 may pave the way to the January 16 high of $3.3999.

Conversely, a drop below the 50-day EMA could expose the 200-day EMA, potentially bringing the $1.9299 support level into play.

For a deeper dive, see our full XRP forecast here.

Bitcoin Snaps Three-Day Winning Streak

While XRP advanced on ETF headlines and legal developments, bitcoin (BTC) snapped a three-day winning streak. BTC likely succumbed to profit-taking ahead of a crucial vote on Capitol Hill.

On June 30, the One Big Beautiful Bill Act (OBBB) was in the spotlight, with crypto tax amendments a component of the bill. On BTC taxation, Senator Cynthia Lummis remarked,

“For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it. It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower.”

Easing crypto taxation could further boost BTC adoption in the US as BlackRocks’ (BLK) iShares Bitcoin Trust (IBIT) eats into supply. On June 30, market intelligence platform Santiment shared a post on IBIT’s demand and broader BTC supply, which stated,

“Bitcoin supply on exchanges is hitting low levels, according to Santiment feed data. At the same time, BlackRock is buying more BTC per day than the network can mine! Last week alone, total 12,354 BTC in just 5 days. Only 450 BTC are mined daily. Supply is vanishing, price pressure is building.”

US BTC-Spot ETF Market Eyes Sixteen-Day Inflow Streak

Rising bets on multiple Fed rate cuts in 2025 and easing global trade tensions have fueled demand for US BTC-spot ETFs. According to Farside Investors, key inflow trends for the US BTC-spot ETF market on June 30 included

• ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $10.2 million.

With IBIT’s flow data pending, total US BTC-spot ETF outflows reached $10.2 million. The spot ETF market’s longest inflow streak is 19 consecutive days, from May 13, 2024, to June 10, 2024. IBIT would need another session of inflows to keep the broader inflow streak alive.

BTC Price Outlook: Trade developments, Fed Cues, and ETF Flows

BTC dropped 1.09% on June 30, reversing Sunday’s 0.94% gain to close at $107,167.

The near-term price trajectory hinges on several key drivers, including Fed rate cut signals, trade developments, legislative news, and ETF flows.

Potential scenarios:

• Bearish Scenario: Easing global trade tensions, legislation delays, hawkish Fed rhetoric, and ETF outflows. A combination of these may drag BTC toward the 200-day Exponential Moving Average (EMA), bringing $100,000 into view.
• Bullish Scenario: Escalation in the global trade war, bipartisan support for crypto bills, dovish Fed cues, and ETF inflows. Under these scenarios, BTC could retarget its all-time high of $111,917.

What to Watch

Investors should track SEC announcements on its appeal plans, legislative headlines, trade headlines, Fed commentary, and ETF flows. These factors remain critical for near-term price trends. They could dictate whether XRP or BTC revisits record highs.

See where analysts expect XRP and BTC to head as legal and political risks evolve.