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Grayscale Moves Closer to Multi-Asset Crypto ETF as SEC Acknowledges Amendment

  • 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.

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