SEC Nears Approval of Grayscale Digital Large Cap ETF Featuring Bitcoin and Major Altcoins
The U.S. Securities and Exchange Commission (SEC) is approaching the final decision deadline for the Grayscale Digital Large Cap ETF (GDLC), which encompasses major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). According to Nate Geraci, President of

The U.S. Securities and Exchange Commission (SEC) is approaching the final decision deadline for the Grayscale Digital Large Cap ETF (GDLC), which encompasses major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). According to Nate Geraci, President of The ETF Store, the probability of the SEC granting approval is notably high. This ETF represents a significant development in the regulatory landscape, potentially paving the way for broader acceptance of diversified crypto assets within regulated investment vehicles.
Should the SEC approve the GDLC, it could serve as a precedent for subsequent approvals of spot ETFs targeting individual cryptocurrencies such as XRP, SOL, and ADA. Currently, these altcoins constitute less than 10% of the ETF’s portfolio, indicating a measured approach by regulators to incrementally integrate a wider range of digital assets. This strategy may facilitate enhanced market liquidity and investor access while maintaining regulatory oversight.
Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.
If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us