6 Key Events in July That Could Shake the Crypto Market

Grayscale’s multi-asset ETF approval opens new doors for altcoin ETF applications like ADA, SOL, and XRP. Multiple large token unlocks—TRUMP, ZRO, APT—could add selling pressure if demand stays weak. U.S. CPI and jobs data in mid-July may shift crypto sentiment by changing interest rate expectations. On July 2, the U.S. Securities and Exchange Commission (SEC) approved Grayscale’s plan to turn its Digital Large Cap Fund (GDLC) into a spot ETF. This ETF holds Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Although it’s not a standalone ETF for XRP or SOL, this approval allows U.S. investors to gain exposure to these tokens through a regulated fund. This marks the first time the SEC approved a spot ETF that includes several altcoins. Until now, the agency had only allowed Bitcoin and Ethereum ETFs. With this move, the SEC indirectly opened the door for more altcoin ETFs. That could bring new money into the market—especially from institutional investors who prefer regulated products. As a result, analysts now expect more ETF applications for coins like XRP, SOL, and ADA to move forward. Some platforms have already filed for i… The post 6 Key Events in July That Could Shake the Crypto Market appeared first on Coin Edition .