A crucial deadline is approaching for Grayscale’s digital large-cap fund, raising hopes for a potential spot XRP ETF approval. Analyst JackTheRippler has highlighted the upcoming July 2nd deadline for this 240-day SEC review period, drawing attention to the imminent decision regarding its conversion to an exchange-traded fund (ETF). The presence of XRP in the Grayscale Digital Large Cap Fund adds weight to speculation about a potential spot XRP ETF launch. This development follows years of community anticipation and heightened interest due to XRP’s long legal history with the SEC, which has recently seen regulatory clarity improve. The timeline for this crucial conversion is set to expire on July 2nd, after which the SEC will have 240 days to either approve or deny Grayscale’s request. If approved, this would mark a significant step towards legitimizing XRP in the investment market and further driving its compliance-related progress. The article explores the potential implications of this decision for the XRP community and wider crypto market.