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SEC approves Grayscale’s conversion of BTC, ETH, SOL, XRP fund into an ETF

  • The U.S. Securities and Exchange Commission has approved Grayscale's Digital Large Cap Fund conversion into a spot ETF.
  • The fund contains Bitcoin, Ethereum, XRP, Solana, and Cardano, with experts anticipating approvals for multiple crypto spot ETFs.
  • This decision reflects the SEC's increasing acceptance of regulated cryptocurrency investment products and investors' demand for exposure.
  • The approval will allow Grayscale's fund to trade on NYSE Arca and sets the stage for potential approvals of more crypto spot ETFs by the SEC in the near future.

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