The SEC has approved Grayscale's plan to convert its Digital Large Cap Fund (GDLC) into a spot ETF, giving everyday investors direct exposure to top digital assets.
Grayscale's ETF includes Bitcoin, Ethereum, XRP, Solana, and Cardano, catering to traditional finance investors seeking regulated access to crypto assets.
The SEC's approval of Grayscale's ETF reflects a growing demand from institutions and pension funds for clean entry points into the crypto market.
The approval signals a potential influx of crypto ETFs beyond GDLC, indicating a shift towards mainstream adoption of cryptocurrencies in traditional finance.