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SEC to Rule on Grayscale Crypto Fund This Week

  • This week, the SEC is expected to make a final decision on the Grayscale Digital Large Cap Fund (GDLC), an ETF comprising top cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano.
  • ETF analyst Nate Geraci believes the fund has a strong chance of approval, potentially paving the way for individual altcoin ETFs.
  • Standalone ETFs for assets like XRP, Solana, and Cardano are not anticipated until late 2025, with industry watchers monitoring the SEC's handling of the GDLC as it could indicate a shift in regulatory attitudes.
  • The decision on GDLC could impact the future of altcoin ETFs in the U.S., with a possible broader shift in regulatory attitudes toward such investment products.
  • The article is from Coindoo.

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