Grayscale is moving closer to launching a multi-asset crypto ETF that includes major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano.
The SEC has acknowledged Grayscale's amendment for the ETF, indicating the beginning of the review process but not approval yet.
Converting the Digital Large Cap Fund into an ETF would provide a more accessible investment option for both institutional and retail investors to gain exposure to a diversified portfolio of crypto assets.
This move by Grayscale could lead to a new wave of diversified crypto ETFs, signaling a potential shift in the SEC's stance towards broader crypto investment vehicles.