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.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
