<ul data-eligibleForWebStory="false"><li>Grayscale has obtained SEC approval to convert its Digital Large-Cap Fund to an exchange-traded fund (ETF) listed on NYSE Arca, comprising Bitcoin, Ethereum, Solana, XRP, and Cardano.</li><li>The ETF, following regulatory approval, will track the CoinDesk Large-Cap Select Index with Bitcoin accounting for over 80% of holdings, Ethereum at around 11.3%, Solana 2.7%, XRP 4.8%, and Cardano 0.81%.</li><li>The SEC's approval indicates a growing institutional interest in regulated digital asset investments and a more favorable stance towards crypto-based funds, influenced by a court ruling that compelled the reconsideration of Grayscale's proposal.</li><li>The success of Grayscale's ETF conversion may lead to an uptick in other crypto ETF offerings, particularly for Bitcoin and Ethereum, with a potential streamlined approval process under consideration by the SEC for upcoming ETFs.</li></ul>

Grayscale Gets SEC Nod to Launch Crypto ETF With XRP, SOL, ADA, BTC & ETH

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